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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How to Choose the Right Lawyer for Your Allentown Catastrophic Injury Case
If you or a loved one has suffered a catastrophic injury in Allentown, Pennsylvania, you may be facing overwhelming physical, emotional, and financial challenges. In such a difficult time, having the proper legal representation on your side is crucial–this is where an Allentown catastrophic injury lawyer comes in. With their knowledge, experience, and dedication, they can help you navigate the complex legal process and fight for the compensation you deserve. But with so many Allentown catastrophic injury lawyers, how do you know who is the right fit for your case?
What is a Catastrophic Injury?
Catastrophic injuries can have a life-altering impact on individuals and their families. Understanding what constitutes a catastrophic injury is crucial when seeking legal representation in Allentown, Pennsylvania. Catastrophic injuries encompass a wide range of severe injuries that often result in long-term or permanent disability, extensive medical treatment, […]
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Hospital Negligence Lawyer
Whether you’ve been hurt in an accident, are receiving specialized treatment, or are sick, being in a hospital can be a stressful experience. We trust medical professionals to provide the best standard of care, yet hospital negligence
happens. Be it inadequate hospital staff, rushed doctors, or unsanitary conditions, if your hospital stay ends in more issues, you deserve justice. That’s where the hospital negligence lawyers of Munley Law come in.
For decades, our medical malpractice attorneys have fought for the fair treatment of the sick and injured. Allow our experienced attorneys to review your case and get you the compensation you deserve.
Call the hospital negligence lawyers of Munley Law today for a no-obligation, free consultation.
What Is Hospital Negligence?
Hospital negligence is a form of medical malpractice where a hospital employee–a nurse, […]
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Medical Malpractice Attorney
We trust medical professionals to make the right choices for our medical care. But when errors occur in diagnosing, treating, or monitoring a patient, the results can be catastrophic and even fatal. The medical malpractice lawyers of Munley Law understand how devastating a negligent medical error can be and the long-term implications it can have on your family.
For 65 years, the personal injury lawyers of Munley Law have represented injured victims of negligent medical practices. We can handle negotiations with insurance companies or take your case to court with a medical malpractice lawsuit. Call the medical malpractice attorneys of Munley Law today for a no-obligation, free consultation.
What Is Medical Malpractice?
The National Library of Medicine defines medical malpractice as “any act or omission by a physician during treatment of a patient that deviates from accepted norms of practice in the medical community and causes an injury to the patient.” […]
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Do Truck Drivers Really Watch TV While They Are Driving?
Understanding why truck drivers get distracted can help us tackle the issue and promote safer driving in the trucking industry. Distractions often come from long hours on the road, the repetitive nature of driving, and the ease of accessing technology. These factors put the driver and everyone else sharing the road in danger.
Reasons Behind Distracted Driving Among Truck Drivers
Truck drivers often spend long hours behind the steering wheel, covering hundreds of miles each day. This can lead to monotonous conditions, particularly at night or when driving through remote areas with little variation in scenery. The mental fatigue of a trucking job can be extreme, and from these extended hours, some truck drivers seek out distractions to break up the monotony.
Hours of service regulations are designed to limit the time a truck driver can spend on the road without rest, reducing the hazard of fatigued driving. […]
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How Many Truck Accidents Are There in a Year?
According to the Federal Motor Carrier Safety Administration, there are approximately 500,000 truck accidents in the United States each year. This substantial number of accidents underscores the critical importance of understanding the factors contributing to truck crashes and the measures needed to enhance road safety for all users.
Trucks are a common sight on US roadways. Commercial vehicles alone make up a significant portion. The trucking industry has a duty of care in transporting billions of tons of freight each year, a major part of the US economy. Over 3.5 million American truck driversare employed in the United States, and trucks make up 5% of all registered vehicles in the US. If that does not sound high to you, consider how heavy trucks are. A big rig with a tractor-trailer may weigh up to 80,000 pounds, while the average car weighs less than 10,000. […]
