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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Client Victories
Top Settlements & Verdicts
We have listed below a sampling of our top settlements and verdicts. We are not able to list all of our seven and eight figure victories here because of confidentiality restrictions. We chose the following list of publicly disclosed settlements and verdicts as they are representative of the types of injury and accident cases that we handle and illustrate how hard we fight for our clients. Keep in mind that we accept all kinds of cases, large and small. Our mission is to help injured victims — so call us today for a FREE case evaluation.
$26 Million truck accident settlement.
$32.25 Million Settlement for a tragic airplane crash.
$20 Million Commercial vehicle settlement.
$17.5 Million Jury verdict in teens’ death caused by car accident.
$12 Million Verdict for forklift accident victim who lost her leg.
$11 Million Settlement for truck accident. […]
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Pennsylvania personal injury lawyer warns spring is a dangerous time for dog bites
Spring is finally here, and after a long, cold winter in Northeast Pa, that means going outside to enjoy the warmer weather. The warm-up will also bring more dog owners outside to walk their pets, which may be why the incidence of dog bites always seem to increase in the spring.
According to the American Humane Society (AHS), an estimated 4.7 million dog bites occur in the U.S. each year. Nearly 800,000 of those bites require medical attention. The AHS also reported that at least 25 different breeds of dogs have been involved in 238 dog-bite-related fatalities in the U.S.
The American Pet Products Association found that pet ownership is at an all-time high. There are currently 83.3 million dogs in the U.S., which are kept by 56.7 million households. The number of dog bites, as well as their severity, has risen dramatically since the 1980’s. […]
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Attorney Marion Munley’s Article on the Vanishing Jury Trial in The Scranton Times
As seen in The Scranton Times. America’s long and proud history has been shaped by lawyers and judges who made lasting contributions to the preservation of individual liberties guaranteed by the Constitution. To the Founders, the right to jury trial, secured by the Seventh Amendment, was on par with the right to vote and the right to free speech. In the initial draft of the Declaration of Independence, Thomas Jefferson’s litany of abuses by the king included, prominently, “depriving us of the benefits of trial by jury.”
Jefferson considered “trial by jury as the only anchor ever yet imagined by man that holds the government to the principles of its Constitution.” Jurors are true public servants who commit their time, critical thinking and impartiality to their fellow Americans. Jurors serve as checks and balances on our judicial system, and a jury trial is a fundamental right critical to our democracy. […]
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Defending Yourself After a Trucking Accident – Advice from Dan Munley, Personal Injury Attorney at Munley Law Personal Injury Attorneys
While I’ve seen them often, it always pains me to see trucking and car accidents. The one that took place today on I-94 in Michigan City, Indiana is one of the worst semi-trailer accidents this lawyer has seen. According to NBC Chicago’s report of the accident, three deaths have already been confirmed. The crash involved over 15 semi-trailers (semi-trucks) and dozens of passenger vehicles, which were pinned underneath these large semi trucks. Many of the injured were taken to University of Indiana Health-LaPorte Hospital for treatment of injuries.
Sadly, many of these victim’s families are probably at the hospital right now, focused on their loved one’s safety, meanwhile, the law firms representing the insurance companies are likely already beginning to do everything they can to minimize compensation or reimbursement for pain and suffering. That includes making evidence disappear quickly. […]
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The REAL WAY Most Bus Accident Cases Are Settled by Personal Injury Lawyers in Pennsylvania
Not all Bus Accident Cases are settled in Pennsylvania – what are some factors that lead to a case being settled? Personal injury lawyer explains:
- What percentage of bus accident cases do Pennsylvania Personal Injury Lawyers manage to settle?
- What are some factors that lead to a case settling?
- What kind of money will Personal Injury Lawyers in Pennsylvania charge to represent you in a bus accident case?
WATCH VIDEO: PENNSYLVANIA PERSONAL INJURY LAWYERS WHO WILL ANSWER QUESTIONS FOR FREE:
What percentage of bus accident cases do Pennsylvania personal injury lawyers settle?
Some bus accident cases are settled by Pennsylvania Personal Injury Lawyers before trial, some are settled at trial, and some are never settled. Your settlement amount and the chances of the case settling at all are determined by a huge amount of factors. […]
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