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.
More information about Insurance
Chances of Winning a Wrongful Death Settlement
The sudden loss of a loved one can be emotionally and financially devastating, making a wrongful death lawsuit a viable option for many families. Understanding the legal process and the factors that can affect the chances of winning is crucial before proceeding with a claim.
Understanding the Chances of Winning a Wrongful Death Settlement
Many plaintiffs find that, depending on the circumstances of their case, there is a high likelihood that they will reach a settlement. Several factors can influence the chances of success in a wrongful death claim, including the strength of the evidence, the clarity of liability, and the presence of any contributing negligence. Additionally, the experience of your legal representation can significantly impact the outcome. Recent data indicates a more favorable outcomes for plaintiffs in wrongful death lawsuits in Pennsylvania.
A wrongful death attorney who is well-versed in wrongful death cases can help advocate for your rights, […]
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What Happens If You’re in an Accident with a Rental Car?
When you’re in an accident with a rental car, the last thing you need is more stress trying to figure out insurance coverage. You likely have multiple layers of protection available. Your auto insurance may cover the incident, the rental company’s optional coverage could kick in, and even the credit card you used to rent the vehicle might provide insurance benefits.
If you’ve been hurt in a rental car accident, don’t hesitate to reach out to a car accident attorney at Munley Law who can guide you through this challenging time. They’ll work hard to protect your interests and help you get the compensation you deserve while taking the burden of dealing with multiple insurance claims off your shoulders.
Who Covers a Rental Car Accident?
When you’re involved in a rental car accident, there can be several sources of coverage. […]
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Munley Law Earns Tier 1 Rankings From Best Law Firms® in 2025
Munley Law is pleased to announce it has been recognized in the 2025 edition of Best Law Firms® in five practice areas.
Founded in 1959, Munley Law is a national leader in personal injury law. Our personal injury lawyers have been listed in Best Lawyers in America® and Pennsylvania Super Lawyers® and have earned board certifications from the National Board of Trial Advocacy.
Munley Law received the following Regional Tier 1 rankings in the 2025 Best Law Firms® for Northeastern Pennsylvania:
- Personal Injury Litigation – Plaintiffs
- Workers’ Compensation Law – Claimants
- Medical Malpractice Law – Plaintiffs
- Product Liability Litigation – Plaintiffs
- Insurance Law
Earlier this year, nine of our personal injury attorneys were named to The 2025 Best Lawyers in America® list. […]
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What Is an Aggravation of a Preexisting Condition or Injury?
You may be eligible for compensation if you were injured on the job or in an accident resulting from the negligence of another party. You can seek compensation by filing an insurance claim or lawsuit.
However, your case may be uniquely complex if you have a preexisting condition. Along with compensation for any new injuries you may have sustained, you may also deserve compensation for the aggravation of a preexisting condition. Proving you deserve this compensation could be challenging, though.
Understanding Aggravation of a Preexisting Condition
What is an aggravation of a preexisting condition or injury? In a legal context, aggravation of a preexisting condition means that the condition was made permanently worse. This differs from exacerbation. When someone sustains an exacerbated injury, their previous injury temporarily worsens. However, said preexisting injury is likely to return to its previous state over time. […]
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Common Pedestrian Accident Injuries
Pedestrian accidents can lead to devastating injuries due to the inherent vulnerability of individuals on foot. Unlike occupants of motor vehicles, pedestrians have little protection against the force of an impact, often resulting in severe trauma. Understanding the common injuries sustained in these accidents is necessary for victims seeking compensation and support. The consequences can be life-altering, affecting not only physical health but also emotional well-being and quality of life.
Critical Injuries in Pedestrian Accidents
Pedestrian accidents can result in catastrophic injuries, including Traumatic Brain Injuries (TBI), spinal cord damage, internal organ injuries, and severe fractures and crush injuries. TBIs can cause long-term cognitive impairment, memory loss, and emotional disturbances, requiring extensive rehabilitation. Spinal cord damage can lead to partial or complete paralysis, requiring lifelong care and adaptations.
Internal organ injuries, […]
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