American Law Institute Takes On Insurance Law
For decades, the American Law Institute has had a seminal influence on the law through its widely-cited Restatements. Now the ALI is embarking on its first ever foray into the world of insurance coverage.
In May 2010, the ALI Council approved an ambitious proposal for a “Principles of Liability Insurance Law.” “Principles” differ from the more familiar ALI “Restatements” in that they analyze what the law ought to be as distinguished from setting forth what it presently is.
The insurance Principles project will consist of three chapters: (1) Principles of Contract Law in the Liability Insurance Context; (2) Principles of Liability Insurance Coverage; and (3) Principles of the Management of Insured Liabilities. The reporter for the project is Professor Thomas Baker of the University of Pennsylvania, who will be assisted by several dozen academics, judges and insurance law specialists.
For a complete listing of the advisory group, click on http://www.ali.org/index.cfm?fuseaction=projects.members&projectid=23#RAS
