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
Personal Injury Case Studies
From catastrophic trucking injuries to wrongful death claims, our personal injury attorneys have secured landmark victories across Pennsylvania.
But to us, these cases aren’t just numbers. Each represents a family we helped rebuild after tragedy. We’ve won for clients against giant trucking companies, major hospitals, and insurance giants because we work as a team and commit the resources needed to win the toughest cases.
Our approach has delivered over $1 billion in recoveries. When you need serious representation, you need accident attorneys with serious results. Contact Munley Law to schedule a free consultation.
$32.25 Million
Settlement for a deadly aviation accident.
$26 Million
Settlement for a truck accident.
$20 Million
Settlment for a reckless driving accident case.
$12 Million
For a bad faith insurance action.
$8 Million
Settlement in a fatal truck accident. […]
More information about Insurance
Valley Township, PA – Woman Dies Following Truck Accident on I-80
Montour County, PA (February 7, 2025) – A woman has died following a car accident in Montour County on February 6.
According to the Pennsylvania State Police, the driver was traveling on I-80 West in Valley Township just before 8 a.m. when she lost control of her pickup truck. She left the roadway, crossed the median, and entered the eastbound lanes before colliding with a tractor-trailer. She was ejected from the vehicle on impact and was pronounced dead on the scene. The truck driver was uninjured.
Police are investigating what caused her to leave the roadway.
Fatal Car Accidents In Montour County
Every year, Pennsylvania sees hundreds of lives lost to auto accidents. While recent data shows improvement – with around 1,130 fatalities marking one of the lowest rates since record-keeping began – each loss remains a tragedy that demands justice.
When fatal car accidents occur due to someone else’s negligence, […]
Read MoreMore information about Insurance
Cumberland County, PA – One Sent to Hospital Following Multi-Vehicle Crash on Route 114
Cumberland County, PA (February 6, 2025) – One person was taken to the hospital following a multi-vehicle accident in Cumberland County on February 5.
According to news reports, the crash occurred on PA 114 westbound at the Honey Locust Drive and Old Willow Mill Road intersection. Witnesses say that EMS had treated victims at the scene of the accident. One person was seen taken out on a stretcher.
No word on what caused the accident or how many people were injured. Police are investigating.
Witnesses at the Scene of a Car Accident in Pennsylvania
Witnesses play an important role in personal injury cases following car accidents, serving as independent sources of information that can significantly impact the outcome of insurance claims and potential lawsuits. Their unbiased accounts can help establish fault, provide detailed descriptions of how the accident occurred, and corroborate the victim’s version of events when liability is disputed. […]
Read MoreMore information about Insurance
King of Prussia Car Accident Lawyer
The King of Prussia car accident lawyers at Munley Law understand how a serious automobile accident can disrupt your life and overwhelm you. Since 1959, our legal team has helped injured individuals throughout Montgomery County with personal injury cases and fought to receive maximum compensation.
The King of Prussia area presents unique challenges for drivers, from heavy mall traffic to dangerous highway merges on I-76 and US-202. Our experienced car accident lawyers understand the local region and know how to build the strongest possible cases for our clients.
Contact us today for a free consultation to discuss your rights and options after a car accident in King of Prussia. We are available 24/7 to take your call and begin protecting your interests.
Why Choose Munley Law’s Car Accident Attorneys in King of Prussia?
Experience and proven results matter when choosing a car accident lawyer in King of Prussia. […]
More information about Insurance
King of Prussia Personal Injury Lawyer
If you’ve been injured in Montgomery County, a King of Prussia personal injury lawyer at Munley Law stands ready to help you. For 65 years, our law firm has fought for accident victims throughout Pennsylvania, securing millions in compensation for our clients. Our track record includes significant verdicts and settlements in car accidents, workplace injuries, medical malpractice, and wrongful death cases.
The aftermath of a serious injury brings mounting medical bills, lost wages, and uncertainty about the future. Our attorneys take care of the legal battle while you focus on recovery. We work with medical experts, accident reconstruction specialists, and economic analysts to build strong cases that prove liability and document the full extent of your damages.
Most importantly, we understand that each case represents a person whose life has been disrupted by injury. Our attorneys take the time to understand your injury and how it affects all aspects of your daily life. […]
Read More
