ALI Principles Of Insurance Should Concern Industry

Law360, New York (April 16, 2014, 5:27 PM EDT) -- It wasn't very long ago that the American Law Institute's Principles of the Law of Liability Insurance were either unknown to many in coverage circles or, for those familiar with them, dismissed as academic irrelevance. I know — I was in the room at the 2012 DRI Insurance Coverage Symposium in New York City when the question was asked, to many hundreds, if they were familiar with the ALI's principles.

Only a smattering of hands went up. While I was familiar with the principles project, put me down as one who, for a long time, dismissed them as the stuff of...

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