All-risk insurance by the railroad could eliminate the whole liability question

Evidence

As a bailee, the railroad has a sufficient insurable interest to render the policy valid - and this was true even in 1850. In this situation, the question of the extent of the carrier’s liability for loss is eliminated. — Henry M. Hart, Jr. and Albert M. Sacks, The Legal Process, 3656

Categorization

• DEFINE: Explains how bailee all-risk insurance dissolves liability, a genuinely clarifying option to the common-law regime.
• XREF: connects to: Common carriers were held liable as insurers of goods, with only five excepting causes — Henry M. Hart, Jr. and Albert M. Sacks, The Legal Process: Basic Problems in…, 3572