ALI OKs Most Insurance Principles, Rejects Sole Challenge

Law360, New York (May 22, 2013, 5:04 PM EDT) -- The American Law Institute on Monday approved the bulk of liability insurance principles proposed so far in a project expected to heavily influence coverage litigation, overriding a challenge to a rule that would limit insurers' ability to rescind policies.

At an annual meeting in Washington, D.C., the ALI gave a thumbs up to principles touching policy interpretation, waiver and estoppel of contract provisions, and misrepresentations on insurance applications. Though the ALI greenlighted a few of the draft principles tackling an insurer's duty to defend, it did...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.