What is Insurance?
Insurance is, “a contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the “insurer” or “underwriter;” the other, the “insured” or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks” or “perils;” and the subject, right, or interest to be protected, the “insurable interest.” (Black’s Law Dictionary 946. 4th Ed. Rev. 1968)
An insurance policy is a contract in which an individual or entity (the policyholder) pays an insurance company (the insurer) in regular payments in exchange for financial protection over specific risks or losses. For example, medical insurance helps to cover medical costs, such as hospital visits, hospital stays, and medications. Similarly, auto insurance helps to cover damages incurred from car accidents. Insurance payments are known as premiums. Insurance contracts typically limit the amount of costs that an insurance provider may be required to pay.
The McCarran-Ferguson Act (15 U.S.C. § 1011) grants many aspects of insurance regulation to individual state governments. However, federal laws like federal taxes do apply to insurance, and must be acknowledged. Insurance is important to the legal system, as it helps protect individuals, those who cause harm to individuals through negligence, and any third party that is faced with the burden of compensating for an injury.
More information about Insurance
Philadelphia, PA – Man Struck and Killed By Vehicle in South Philadelphia
PHILADELPHIA, PA (February 26, 2025) – A man was struck and killed in South Philadelphia on February 24.
According to news reports, the accident occurred at 10th Street and Packer Avenue just before 7:30 p.m. The victim was first involved in a minor crash. When he got out of his car to speak with the other driver, he fell while crossing the street. It was then another vehicle hit him.
He was later pronounced dead at the hospital.
The driver of the striking vehicle remained at the scene.
What to Do After a Car Accident in Philadelphia
Getting out of your car after an accident in Philadelphia can expose you to significant personal injury risks beyond those sustained in the initial collision. The city’s busy streets and highways create a hazardous environment for anyone standing on or near roadways, […]
Read MoreMore information about Insurance
Luzerne County, PA – Police Investigate Fatal Two-Vehicle Crash in Nanticoke
LUZERNE COUNTY, PA (February 25, 2025) – Police are currently investigating a fatal car crash in Nanticoke on February 24.
According to news reports, the two-vehicle crash occurred by a Turkey Hill convenience store at the intersection of Alden Road and West Main Street near the Newport Township border around 5 p.m.
Investigators have confirmed at least one person died in the crash.
Main Street in Nanticoke was closed down for several hours as police investigated the accident, which is still under investigation.
Fatal Car Accidents in Luzerne County
Fatal car accidents in Luzerne County, Pennsylvania create devastating consequences for families while presenting complex legal challenges. When such tragedies occur, understanding the legal framework becomes essential for those seeking justice and compensation.
Luzerne County’s geographical features contribute to accident risks. The mountainous terrain combined with harsh winter weather creates hazardous driving conditions. […]
Read MoreMore information about Insurance
What to Do After a Medical Emergency Causes a Car Accident
Medical emergencies while driving can lead to devastating accidents. When another driver suffers a sudden health crisis behind the wheel, the collision can leave you with serious injuries, vehicle damage, and mounting expenses. As a victim, you deserve compensation for your losses, even when the other driver experienced a genuine medical emergency. Securing fair recovery requires a careful examination of the driver’s medical records, driving history, and the specific circumstances of the accident.
If you were injured in a car accident caused by someone else’s medical emergency, let the experienced car accident attorneys at Munley Law help you with the legal process. Our attorneys can ensure that you receive the compensation you are due. Schedule a free initial consultation today.
Medical Emergencies Behind the Wheel
Medical emergencies that cause car accidents often occur without warning to victims. A study by the National Highway Traffic and Safety Administration (NHTSA) found that while many accidents involving medical conditions are single-vehicle crashes, […]
Read MoreMore information about Insurance
Tips for Staying Awake While Driving
Driving safely requires staying alert behind the wheel. Unfortunately, data indicate that drowsy driving is not uncommon on U.S. roads. Drivers who fall asleep may cause accidents that could injure or kill other motorists and pedestrians.
Were you recently injured in such an accident? If so, compensation for medical bills, lost wages, and other such losses may be available.
Contact our car accident attorneys at Munley Law for more information about your case. We’ll help you pursue the compensation you deserve. In the meantime, we offer the following tips to help you guard against falling asleep while driving.
The Deadly Reality of Fatigue-Related Accidents
Drowsy driving is a significant problem in the U.S. According to the National Highway Traffic Safety Administration (NHTSA), drowsy driving crashes resulted in 693 fatalities on U.S. roads in 2022 alone. […]
Read MoreMore information about Insurance
Hamburg, PA – Truck Driver Injured After Ice Crashes Into Windshield
HAMBURG, PA (February 24, 2025) – A semi-truck driver was injured after a large chunk of ice shattered his windshield while driving on February 21.
According to news reports, the truck driver was driving on Interstate 78 eastbound when a large chunk of ice flew off a passing tractor trailer in the westbound lanes.
Dash cam video shows the moment the ice crashed into his windshield, causing glass and ice to hit him in the chest and face. He was able to keep control of his truck despite his windshield being shattered.
The driver suffered minor cuts to his hands and face.
Truck Accidents Involving Ice and Snow in Pennsylvania
What many people don’t realize is driving with ice and snow on their vehicles is against the law. According to Pennsylvania Title 75, Section 4524(e) of the Pennsylvania Vehicle Code, […]
Read More
