Many state insurance commissioners are concerned that concerns that the Restatement goes beyond "restating" the law and could adversely impact the insurance systems they oversee. (Photo: Thinkstock)
In May 2018, the American Law Institute (ALI) voted to approve the Restatement of the Law of Liability Insurance after nearly eight controversial years of drafting. Despite celebrating its one-year anniversary, the Restatement continues to prove controversial in the insurance industry, and insurers will need to stay up to date on court interpretations and various states' legislation to address these controversies.
|What is the Restatement?
ALI is an independent legal organization producing "scholarly work to clarify, modernize and otherwise improve the law." The ALI is best known for its restatements, which attempt to state the consensus law for a particular subject, and attorneys and judges often look to the ALI's restatements as a guide for the law.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
