Morrison Mahoney Partner Michael Aylward will take part in a panel discussion at the DRI Northeast Regional Insurance Claims Conference in Hartford. The panel is described below:
Update on the ALI Restatement of the Law of Liability Insurance
After years of debate and controversy, the American Law Institute’s Restatement of the Law of Liability Insurance is nearing completion. Three ALI insiders will brief us on internal debates during 2016 involving issues such as allocation, the consequences of failing to defend, and whether insurers should owe coverage for punitive damages. Additionally, the panel will give us an early look at the first draft of Chapter 4 (bad faith), which will only just have been released to the ALI advisors for debate. This Restatement is the ALI’s first foray into insurance law; past ALI efforts such as the Restatements of Torts and Conflicts of Laws have had a profound effect upon the evolution of the common law.