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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PERSONAL INJURY LAWYERS WHO FIGHT FOR YOU
Don’t let insurance adjusters minimize your suffering or deny you fair compensation. Our record of multi-million dollar verdicts proves we know how to win, and we’re ready to put that experience to work for you. Contact our personal injury lawyers today for a free consultation and learn why many injured clients trust Munley Law to fight for their future.
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WE SERVE SCRANTON, ALLENTOWN, AND SURROUNDING AREAS. COMMON PERSONAL INJURY CLAIMS WE HANDLE
At Munley Law, we’ve built our reputation by consistently outmaneuvering insurance companies and winning substantial settlements for our clients. Here are a few examples of the personal injury case types we handle regularly:
- TRUCK ACCIDENTS
- CAR ACCIDENTS
- WORKERS’ COMPENSATION CLAIMS
- PREMISES LIABILITY
- PRODUCT LIABILITY
HOW WE CAN HELP YOU
We can work to make sure you recover all your damages. […]
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Lancaster County, PA – Car Crash With Injuries Closes Down PA 283
Lancaster County, PA (February 4, 2025) – Multiple injuries were reported following a car crash on Pennsylvania Highway 283 in Lancaster County on February 3.
According to news reports, emergency crews arrived at the scene on PA 283 eastbound near the Salunga exit around 6:40 a.m. The incident resulted in a complete closure of all lanes for over an hour.
Pennsylvania State Police are currently investigating the crash and have issued a request for any witnesses to contact them with information about the incident.
Understanding Car Accidents in Pennsylvania
Pennsylvania’s extensive highway system experiences significant daily traffic, including a substantial volume of commercial trucks. This heavy traffic flow, combined with multi-lane highways and busy interstates, creates conditions where serious accidents can occur.
Recent data shows Lancaster County is one of the top counties in Pennsylvania to report the most traffic accidents in the county. […]
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Medical Transport Jet Crashes Into Philadelphia Neighborhood
Philadelphia, PA (January 31, 2025) – A medical jet carrying six people crashed into a Philadelphia neighborhood on January 31.
According to news reports, the plane was transporting a child patient, her mother, and four crew members. The plane was heading to Springfield, Missouri.
The plane left the Northeast Philadelphia Airport around 6 p.m. before crashing less than four miles away. It crashed into the ground and sparking a huge fireball.
Several buildings and vehicles were lit on fire, injuring several people on the ground. There were no survivors in the aircraft.
Investigations are underway as to what caused the accident. The accident comes just days after an airplane collided with a Black Hawk helicopter in Washington, DC.
Airplane Crashes in Pennsylvania
Pennsylvania has seen various aviation incidents throughout its history, with accidents occurring across both general aviation and commercial flights. […]
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Electrocution Accident Lawyer
Electrocution is a severe and potentially life-threatening event that can cause extensive damage throughout the body. When electricity passes through tissue, it can cause serious internal and external burns, muscle damage, and cardiac problems that may be fatal. The electrical current can affect multiple organ systems simultaneously, leading to injuries that may include severe burns, heart complications, nerve damage, and traumatic brain injury.
The severity of electrical injuries depends on several key factors: the intensity of the electrical current, the duration of exposure, and the path the electricity takes through the victim’s body. These elements determine both the immediate trauma and potential long-term complications for survivors.
Given the serious nature of electrical injuries, working with qualified legal representation is important. An experienced electrocution accident attorney at Munley Law can thoroughly investigate the incident, identify liable parties, and pursue appropriate compensation. This includes recovery for medical expenses, […]
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Is PTSD Covered By Workers Compensation?
When we think of workers’ compensation laws, what first comes to mind are often the protections and benefits given to employees who have sustained a physical injury at the workplace. However, workers’ compensation is not limited to physical injuries from the job. Workers’ compensation insurance includes benefits for a mental health injury that results from the workplace and negatively impacts an employee’s ability to work and their quality of life.
Workers’ compensation can cover mental health conditions like Post-Traumatic Stress Disorder (PTSD) and psychological injuries that result from workplace trauma or a harmful work environment. However, to receive benefits, workers must prove their mental health condition was directly caused by their job or workplace.
Defining Post-Traumatic Stress Disorder
When we think of workers’ compensation laws, what first comes to mind are often the protections and benefits given to employees who have sustained a physical injury at the workplace. […]
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