This edition contains extensive updates, with many new cases relevant for students anxious to acquire practical knowledge that they can quickly put to use when they enter the profession. In addition to new cases, the Eighth Edition has been edited to add notes dealing with a variety of cutting edge issues. For example, Chapter 4 includes mention of an empirical study regarding punitive damage awards that exceed single digit ratios and the underlying rationale for such results. Chapter 5 augments its coverage of multi-insurer allocation of liability with notes on New York's Viking Pump case and Louisiana's Arceneaux case. Chapter 7 adds to its discussion of stranger-owned life insurance with a short comment on stranger initiated annuity transactions.