Tom Werlein, associate counsel for Sentry Insurance, joins Timely Notice for a discussion of Sections 3, 4, and 21 of the ALI Restatement of the Laws of Liability Insurance. Tom explains the implications of a modified plain-meaning rule, the newfound importance of custom practice and usage, and whether a subjective belief by an insured is appropriate for policy interpretation. Tom also shares his insights on whether an insurer should be able to recover defense costs and settlement payments attributable to uncovered claims.