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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West Virginia Car Accident Lawyer
Across the nation, car accidents are an all too common cause of death, injury, and extensive emotional and psychological 
damage. In 2019, West Virginia saw 260 fatalities from car accidents, and in 2015, car accidents caused around 8% of all injury-related hospitalizations in the state. Too many lives have been impacted and lost as a result of car accidents.
If you or a loved one has been a victim of a car accident in West Virginia, know that you do not have to fight this battle alone. The aftermath of an accident can be even more stressful and overwhelming than the accident itself, especially as you try to balance your recovery with all the complex logistics and legalities of your situation. But there is hope: with the help of an experienced car accident lawyer, you can take on your case with confidence. […]
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Misdiagnosis Claims in Scranton, PA
A medical misdiagnosis can be devastating for an ill or injured patient. It can delay or prevent the proper treatment the patient needs and even lead to unnecessary and potentially harmful, improper treatment. Misdiagnosis can lead to
permanent injuries and even death.
An alarming report published by BMJ Quality & Safety found that an estimated 795,000 Americans die or are permanently disabled by diagnostic errors every year. These results occur across the medical field, including clinical settings and hospitals.
If you have suffered harm due to misdiagnosis, contact the Scranton medical malpractice lawyers at Munley Law today. Our experienced attorneys will hold the negligent healthcare providers accountable and recover the compensation they deserve.
Holding Doctors Accountable for Your Misdiagnosis in Scranton
It’s no secret that the medical system in Pennsylvania and the United States is broken. Time details patients’ […]
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Can I Sue My Neighbor for an Injury on Their Property?
When you’ve been injured on a neighbor’s property, you might feel confused, upset, and unsure about what to do next.
You may wonder about your options if you’ve suffered an injury while visiting next door. The short answer is yes, you can sue your neighbor for an injury on their property, but there’s more to consider before taking that step.
When an injury occurs on a neighbor’s property, the question of legal recourse often arises. The ability to sue a neighbor for such an injury depends on several factors and involves understanding premises liability law. Call a premises liability lawyer at Munley Law for a free consultation to review your legal options.
Why You Might Sue Your Neighbor for an Injury on Their Property
While suing a neighbor can be a difficult decision, there are several legitimate reasons why you might need to take this step if you’re injured on their property:
- Medical Expenses: If you’ve incurred significant medical bills due to the injury, […]
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What Can a Lyft Car Accident Lawyer in Scranton Do for Me?
If you’ve ever been involved in a Lyft accident, you know how overwhelming and confusing the aftermath can be. From dealing with injuries and medical bills to navigating insurance claims, it can be difficult to handle on your own. That’s where a Scranton Lyft accident lawyer comes in.
How Does Hiring a Lyft Accident Lawyer Differ From Hiring a Regular Personal Injury Lawyer?
When hiring a lawyer after a Lyft accident, you may be wondering if you should hire a regular personal injury lawyer or a lawyer specializing in Lyft accidents. While both types of lawyers can handle personal injury cases, there are some key differences to consider.
A Lyft accident lawyer has specific expertise and experience in car accidents involving rideshare services. They understand the unique challenges and complexities that can arise in these cases. They are familiar with the laws and regulations that govern Lyft and the responsibilities of the driver, […]
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Wilkes-Barre Catastrophic Injury Lawyer
The aftermath of a serious accident may result in life-changing catastrophic injuries. These injuries can be devastating, often requiring substantial financial resources and ongoing support to manage the physical, emotional, and financial challenges associated with the harm you’ve experienced. If you have been the victim of a serious accident and suffered a serious injury such as a traumatic brain injury (TBI), a spine injury, burns, or an amputation, your life may be at a standstill and you’re not sure how to move forward.
You need a Wilkes-Barre personal injury lawyer, specifically with catastrophic injury experience, who will vigorously fight for your rights and best interests. Our Wilkes-Barre catastrophic injury lawyers have decades of experience and success advocating for our clients. Contact us today for a free, no-obligation consultation.
Causes of Catastrophic Injuries in Wilkes-Barre, PA
Severe and often life-altering injuries profoundly impact an individual’s physical, […]
