Today, let’s begin our section by section tour through the American Law Institute’s new Insurance Restatement. Chapter 1, Section 1 of the Restatement includes definitions of common terms found in the law of liability insurance, including such commonplace concepts as a condition, the insuring clause, a mandatory (versus non-mandatory) rule, a policy limit and a … Continue Reading
Two weeks ago, we announced a new biweekly series analyzing, section by section, the new Restatement of the Law of Liability Insurance. Before we begin talking about specific sections, let’s review the response so far to the Restatement from courts and other authorities outside the ALI. Pushback against the Restatement began even before final approval … Continue Reading
