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.
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Dan Munley Speaks Up for Victims of I 380 Tractor Trailer-Bus Crash as Investigation Continues
Yesterday, Interstate 380 was shut down by a deadly crash between a tractor trailer and a charter bus in Monroe County. According to the state police, the tractor trailer crossed the median and hit the bus head on. Three people, including the bus driver, were killed, and 13 more were taken to area hospitals to be treated for injuries. Nine were taken to Pocono Medical Center, and the rest were treated at Geisinger trauma centers.
According to WNEP, The Academy Viaggidea charter tour bus was carrying a group of Italian tourists on their way to visit Niagara Falls. The driver of the tractor trailer has been identified as Franklin Wyatt from Oklahoma. His truck is registered to XTRA Lease Trucking of St. Louis.
Attorney Dan Munley, former chairman of the American Association for Justice’s Trucking Litigation Group and current member of its public relations committee, […]
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Marion Munley Named Top 50 Women; Munley Law Personal Injury Attorneys listed in 2015 Pennsylvania Super Lawyers
Munley Law Personal Injury Attorneys is pleased to announce that seven of its attorneys have been named to the 2015 list of Pennsylvania Super Lawyers, an honor awarded to the top five percent of lawyers in Pennsylvania. In addition, Marion Munley has been named among the Top 50 Women Lawyers in Pennsylvania by PA Super Lawyers.
As of this year, all of our attorneys have been named Pennsylvania Super Lawyers.
- Robert W. Munley, Sr., Personal Injury – General: Plaintiff, Personal Injury – Products: Plaintiff
- Marion K. Munley, Personal Injury – General: Plaintiff, Personal Injury – Medical Malpractice: Plaintiff
- Daniel W. Munley, Personal Injury – General: Plaintiff, Personal Injury – Products: Plaintiff
- Christopher Munley, Personal Injury – General: Plaintiff
- Julia K. Munley, Personal Injury – General: Plaintiff, Social Security Disability, Workers’ Compensation
- John M. […]
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Spending bill alarms truck safety advocates
Once again, the trucking industry is making people nervous.
While I was doing research for this blog post yesterday, a tractor trailer accident in our area had Interstate 81 shut down for most of the day. The driver of the truck lost his life.
Trucking is a major industry across much of the country, including in our home region of NEPA. With all these large tractor trailers on the road alongside comparatively tiny passenger vehicles, the number of heavy trucking accidents has been rising for the last four years. You’d think, then, that safety would be more of a concern for lawmakers and industry officials. Unfortunately, not everyone sees it that way.
As truck accident lawyers, this is something we feel strongly about. This post will cover what you should know about how these changes could affect you. […]
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Dog bite prevention: What everyone should know
A dog bite can turn a trip to the park into a trip to the emergency room. It can leave both physical and psychological scars.
As the weather warms up, people spend more time outdoors, especially with their pets. That means that dogs and people, particularly young children, come into contact with each other more frequently. What many people don’t think about is the possibility of a dog bite situation.
In fact, over 4 million dog bites occur each year. And while it might not sound like a serious concern, dog bites or dog attacks can be traumatizing and can result in extremely serious injuries or disfigurement. Children are more likely to be bitten by a dog than any other age group.
Fortunately, there are some ways that dog owners, parents, and everyone else can help prevent a dog bite from happening. […]
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What Not to Do After a Work Injury in Wilkes-Barre
Our Wilkes-Barre workers’ compensation lawyers already shared a few pieces of advice about what you should do if you are injured at work. But, it’s just as important to know what NOT to do in a workers’ compensation case. Here are some key things to make sure you avoid:
1. Don’t delay. The sooner you report your injury to your employer, the better. In Pennsylvania, the law requires that you notify your employer of a work-related injury within 120 days of the incident. But, it is in your best interest to report what happened immediately, even if you think your injuries are minor. What may seem like a minor incident can cause complications down the road, so it is best to have it documented.
2. Don’t lie. In a workers’ compensation case, it is crucial that you are honest with your employer and your doctor about your injuries and how they occurred. […]
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