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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How to Choose the Right Personal Injury Lawyer for You
Choosing the right personal injury lawyer
When you find yourself in need of legal advice or representation, it can be hard to know where to begin. You may never have had to seek a lawyer before. You may be unfamiliar with how the legal system works, or whether you even have a case. With so many lawyers to choose from, how do you know who you can trust? How do you know who will get the best results? We have some advice on how to choose the right personal injury lawyer for your unique case.
Not all law firms are created equal. In fact, your choice of personal injury lawyer can make all the difference in the success of your case. When you’ve been injured, or lost a loved one in a tragic accident, you want to know that your case is in the right hands. […]
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Munley Law Personal Injury Attorneysyers named 2017 Pennsylvania Super Lawyers
Munley Law Personal Injury Attorneys: Six Super Lawyers and a Rising Star
We’re pleased to announce that once again the personal injury lawyers at Munley Law Personal Injury Attorneys have been included in the annual list of Pennsylvania Super Lawyers.
Only 5% of the attorneys in Pennsylvania earn this title. For more than a decade, the Munley lawyers have earned a spot on the Super Lawyers list. This year, we’re thrilled to announce that our own Katie Nealon has been named a Rising Star. Super Lawyers Rising Stars must be under the age of 40 and in practice for less than 10 years. This list is highly selective; only 2.5% of the young lawyers in Pennsylvania make the cut.
Robert W. Munley, Sr., Personal Injury – General: Plaintiff, Personal Injury; Products: Plaintiff
Marion K. […]
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Side Underride Guards May Be the Difference Between Life and Death
First-Ever Side Underride Crash Tests
A new crash test from the Insurance Institute for Highway Safety shows exactly how side underride guards on tractor trailers can mean the difference between life and death.
A side underride crash occurs when a passenger vehicle collides with the side of a trailer or heavy truck. The results are grisly. The impact can shear the top of the smaller vehicle and kill the occupants.
The IIHS has long been measuring rear-underride guard effectiveness, but this is the first test of side guards. Researchers ran two midsize cars into the sides of two semi-trailers at 35 mph. One trailer was equipped with a fiberglass side panel, and the other with the “AngelWing” underride protector from Airflow Deflector, Inc.
Tractor Trailer Side Underride Guard Test Results:
Fiberglass panel – As the above photo shows, […]
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Construction workers say productivity trumps safety
In America’s deadliest industry, construction workers say safety takes a back seat
A recent National Safety Council survey found that more than half of construction workers (58%) perceive that safety takes a back seat to productivity on their job sites.
To gauge employee perceptions about workplace safety, the NSC interviewed 2,000 American workers across 14 industries.
Of construction workers surveyed, 51% say management does the bare minimum when it comes to safety; 47% say they’d feel afraid to report a safety issue. These numbers are alarming, especially considering the fact that construction has more workplace fatalities than any other industry in the U.S.
No worker should feel stuck between losing their job, or losing their life. Marcy Goldstein-Gelb, co-executive director of the National Council for Occupational Safety and Health said,“When workers can’t speak up, […]
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Hazleton Premises Liability Lawyer
If you’ve been injured at someone else’s home or a place of business in Hazleton, you may be entitled to compensation for your injuries. Property owners have a responsibility to keep their properties free from hazards. But if you suffer an injury on someone else’s property caused by hazardous conditions, the homeowner, landlord, or proprietor may be held accountable. Not sure if you have a case? Contact a Hazleton premises liability lawyer at Munley Law Personal Injury Attorneys for a free consultation to get the answers you need.
The premises liability lawyers at Munley Law Personal Injury Attorneys work diligently on behalf of our clients in the Hazleton area to investigate and document the negligence of a property owner and seek maximum compensation for the injured. Our board-certified attorneys have recovered millions of dollars for slip and fall, dog bite, […]
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