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.
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
© 2024 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.
