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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What Happens if You Get in an Accident in the Company Vehicle?
Driving a company car can be both a benefit and a burden. The perks include not paying for gas out of your own pocket and not worrying about putting miles or wear and tear on your own car. But what happens when you are involved in an accident in a company car? Understanding who is at fault and must pay can be confusing.
If you are involved in an accident in a company car
and your employer purchased commercial auto insurance, the commercial auto
insurance provider will usually pay any valid claims related to the accident,
as long as the employee was using the vehicle properly at the time of the
accident. Most of the time, your employer will deal with the insurance company
directly, though you may have to answer questions or provide other evidence
upon request of the insurance company. […]
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Don’t rely on autopilot: Car safety tech still flawed, inconsistent
IIHS report on driver-assistance technology shows its flaws
New report from IIHS shows driver assist technology is still flawed and is no substitute for a fully attentive human driver. If you’re not paying attention, driver assist systems can even land you in a crash.
The Insurance Institute for Highway Safety, known for its extensive crash testing and safety ratings, investigated just how reliable driver assistance technology is. Their findings varied by brand. But, the overall conclusion was that autonomous vehicle technology has a long way to go before human drivers can feel comfortable giving up the steering wheel.
The 2017 BMW 5-series, 2017 Mercedes-Benz E-Class, 2018 Tesla Model 3 and 2016 Model S, and 2018 Volvo S90 were evaluated.
What is driver assistance technology?
Driver assistance technology refers to the features in a car designed to help prevent collisions. […]
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Scranton Dog Bite Lawyer
If You Were Attacked by a Dog in Scranton, Get a Free Case Review at Munley Law Personal Injury Attorneys
The City of Scranton has strict dog laws in place, such as leash laws that prevent owners and handlers from allowing the pet to run free and unsupervised.
While these laws help cut down on the number of dog bite incidents that occur in the area, every year, countless residents — often children or seniors — suffer serious injuries in dog bite attacks.
A dog bite injury lawyer in Scranton at Munley Law Personal Injury Attorneys can evaluate your situation and help you understand if you have a strong enough case to hold the dog owner or handler liable for your medical bills and other damages. We offer complimentary consultations to dog bite victims and will handle your case on a contingency basis. […]
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Stroudsburg Dog Bite Attorney
If you were bitten by a dog in Stroudsburg, you need an experienced dog bite lawyer at Munley Law Personal Injury Attorneys
Dog bites are no laughing matter. They are serious and may lead to devastating and permanent injuries, especially when the victim is a child. Results of a dog bite may include surgeries and other medical expenses, permanent scarring, infections, rabies, missed time from work, and emotional distress. All of these can be costly. You shouldn’t be stuck with the burden of someone else’s negligence.
Most homeowners insurance policies cover dog bites, but making a claim and recovering damages can be complicated. You need an attorney experienced with Pennsylvania state laws. Munely Law, founded and located in northeast Pennsylvania fits that bill. For over 55 years we have represented our neighbors in personal injury cases. […]
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Dog Bite Lawyer in Wilkes-Barre
Get compensation for your dog bite injuries
Talk with a leading dog bite lawyer in Wilkes-Barre for FREE today
Whether you were going for a walk in your neighborhood or enjoying the day at Hollenback Park, if you suffered injuries in a dog attack, you may be able to recover injury compensation from the owner of the dog. Dog owners have a duty to control their pets, and they may be held responsible for harm caused by their animals, including dog bites.
At Munley Law Personal Injury Attorneys, our team offers free case evaluations, and will not charge you anything unless we recover compensation on your behalf. We will review the facts of your Wilkes-Barre dog bite, and determine if you are eligible to hold the owner legally responsible for your injuries, emotional scarring, and financial losses. Call us today at [phone-number] to talk to a dog bite lawyer in Wilkes-Barre. […]
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