What is a Loss?
A loss is the monetary value assigned to an injury or damage in a personal injury claim, including pain and suffering, past and future income, future medical care, at-home assistance, current medical bills, etc.
According to Black’s Law Dictionary, “loss” is defined as “the harm or damage resulting from an injury; the deprivation or detriment to an owner or possessor as a result of a judgment or voluntary transfer of property.” As such, loss is often a broad term in law, encompassing both tangible and intangible impacts as loss can come from a variety of forms of damages.
Legal principles governing loss aim to provide remedies, compensation, or restitution to individuals or entities adversely affected by wrongful acts, accidents, or adverse events. Loss can include economic loss, personal loss or property loss. The assessment of loss often involves evaluating evidence, calculating damages, and applying legal standards to determine liability and appropriate remedies in civil litigation or legal disputes. As a legal term, loss underscores the importance of addressing and mitigating the impacts of losses through legal recourse and equitable remedies in accordance with applicable laws and judicial principles.
More information about Loss
$3.5 Million Awarded In Wrongful Death Logging Truck Accident
Speeding truck with faulty brakes causes fatal trucking crash
A Chilton County, Alabama jury has awarded $3.5 million to the family of a man killed when the van he was driving was crushed between two logging trucks, reports the Montgomery Advertiser.
Ken Gorum Trucking and Gary Fruge, the driver of the logging truck, were held responsible for the accident and have been ordered to pay the award. The jury found Fruge was speeding, and the truck had defective brakes, when it crashed into the victim’s van.
The victim’s car was pushed into the logs on the truck in front of him, causing the logs to come through his windshield – one went through his head and killed him. Although the driver claims he was going only 45 miles per hour, evidence suggests he was traveling between 65 and 75 mph.
Progressive Insurance Co, […]
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Doctors Less Likely to Catch Strokes in Women
According to an article from Prevention Magazine, doctors often overlook women’s stroke risk, leaving them more vulnerable to the life-threatening condition than men.
Today researchers are working hard to raise awareness of female risk factors for stroke, also called “brain attacks.”
Dr. Lewis Morgenstern, MD, director of the stroke program at the University of Michigan Medical School, told Prevention, “We all learned in medical school that strokes and heart attacks are male problems. The reality is far different.”
In fact, women aged 45-54 are twice as likely as their male counterparts to suffer a stroke. However, a woman’s symptoms are usually diagnosed slower and treated less aggressively than a man’s.
Don’t allow you or your loved one to loss precious time because of this gender gap! The moments that pass between the stroke’s onset to treatment could be the difference between life and death or permanent impaired. […]
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