Outboard Marine Corporation v. Liberty Mutual Insurance Company
154 Ill.2d 90, 607 N.E.2d 1204, 180 Ill. Dec. 691 (1992)
Words & Phrases
Known Loss
Trial Judge
Bilandic
Holding
Known loss doctrine applicable if insurer can prove that insured knew or had reason to know of a "substantial probability" that a loss would occur.
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