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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Bethlehem Wrongful Death Lawyer
A Bethlehem wrongful death lawyer can help families seek compensation when negligence leads to the death of a loved one. At Munley Law Personal Injury Attorneys, our legal team combines over 60 years of experience with a proven track record of successful verdicts and settlements in the Lehigh Valley. We handle all aspects of wrongful death claims – from investigating the circumstances and determining liability to negotiating with insurance companies and proceeding to trial when necessary. While we aggressively pursue maximum compensation, we also provide compassionate guidance to help your family through this difficult process.
Contact us for a free consultation to discuss your wrongful death claim and learn how we can help protect your family’s future.
What is a Wrongful Death Lawsuit?
A wrongful death lawsuit is a type of action brought by the survivors or estate of a deceased person against the party or parties responsible for that person’s death. […]
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Pittsburgh Truck Accident Lawyer
When an 80,000-pound commercial truck crashes into your car on Pittsburgh’s busy highways, your life can change in seconds. At Munley Law, we’ve guided hundreds of truck accident victims in Allegheny County through the aftermath of these devastating crashes since 1959, securing multi-million dollar verdicts against negligent trucking companies. Our Pittsburgh truck accident lawyers aren’t just personal injury attorneys – we’re recognized national leaders in truck litigation. We’ve fought and won cases against every major trucking company in America, served on the boards of national trucking safety organizations, and helped shape the laws that protect Pennsylvania drivers from dangerous trucking practices.
While other law firms occasionally handle truck accidents, it’s our specialty. We understand the complex federal regulations governing the trucking industry, know how to prevent evidence spoliation within the critical 72-hour window after a crash and have a nationwide network of accident reconstructionists and industry experts ready to investigate your case. […]
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Man Died in Car Crash in Bradford County
One person died following a car crash in Bradford County, PA, on December 27. According to news reports, the 18-year-old was traveling north on Robinson Road in Wilmot Township near Wyalusing when he drove off the roadway and struck a tree. The driver was taken to the hospital, where he was later pronounced dead.
Police are investigating the cause of the accident.
Car Accidents in Bradford County, PA
Bradford County, PA, sees numerous car accidents yearly due to its mix of rural roadways and challenging weather conditions. The county’s road network includes US Route 220, US Route 6, and various state routes that wind through its rural and mountainous terrain. According to the Pennsylvania Department of Transportation, although the number of car accidents in the county went down in 2023 to 457, the number of car accident fatalities did increase to 13 — […]
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Chemical Plant Explosion Lawyer
Chemical plant explosions can cause catastrophic damage to victims and their families. Whether the explosion was caused by human error, safety violations, or equipment failure, the results are the same – serious and even fatal injuries, leaving families with emotional, physical, and financial challenges.
If you have been injured or a loved one was tragically killed in a chemical plant fire or explosion, Munley Law chemical plant explosion lawyers can help identify your legal options and fight for maximum compensation.
Immediate Steps After a Chemical Plant Explosion
Life in the aftermath of a chemical plant explosion can be chaos as you deal with traumatic physical and mental injuries. It can be hard while you are still reeling from the experience to think clearly, but protecting yourself legally and financially requires a few steps.
Seek Medical Attention
The most important thing is to get medical treatment. […]
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What Are the Tire Requirements for Commercial Trucks?
Truck tires play a vital role in a commercial vehicle’s safety, directly impacting braking, steering, and driving performance. However, over time, tires can wear down and become hazardous, putting everyone on the road at risk. Commercial truck drivers and owners must comply with strict tire regulations to ensure safety. If you’ve been involved in a truck accident where tire failure was a factor, it’s essential to understand how tire maintenance and safety standards may have been violated. 
Federal Commercial Truck Tire Safety Standards
Federal Commercial Truck Tire Safety Standards are in place to prevent accidents caused by tire failures. These regulations include minimum tread depth requirements to ensure proper traction, tire pressure monitoring rules to avoid under-inflation, and specific regulations for steer axle tires to provide stability.
Additionally, retread tires must meet strict safety guidelines to reduce the risk of blowouts. […]
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