5 Key Rules In The ALI's Liability Insurance Guidelines

Law360 (May 23, 2018, 7:17 PM EDT) -- The American Law Institute's vote Tuesday approving the final draft of its liability insurance rules gives courts a raft of guidance on how to decide a host of critical issues, including when policies are triggered and how coverage should be divvied up for claims spanning multiple years and policies.

After eight years of revisions, the ALI's membership signed off on the sprawling Restatement of the Law on Liability Insurance during its annual meeting in Washington, D.C. While the 488-page document is not binding on courts, it could prove to be highly influential, especially in states lacking precedent on certain points of...

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