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
Bensalem Catastrophic Injury Lawyer
The journey towards securing justice and fair compensation after a catastrophic injury is both distinctive and challenging, which is why it is in your best interest to partner with the Bensalem catastrophic injury lawyers at Munley Law. We offer a free case evaluation to new clients where you will speak with an experienced personal injury attorney who will guide you through the legal process and work to ensure you recover the compensation you deserve.
Understanding the Nature of a Catastrophic Injury
When it comes to personal injuries, not all are created equal. Some are so severe that they drastically change the course of a person’s life, which brings us to the realm of catastrophic injuries.
Definition and explanation of a catastrophic injury
A catastrophic injury typically refers to injuries that have life-altering consequences and prevent individuals from performing any gainful work. […]
Read MoreMore information about Insurance
Easton Workers’ Compensation Lawyer
When you are injured at work, medical expenses can quickly add up. Workers’ compensation benefits are designed to help workers with financial support in the event of a workplace injury due to an accident or repetitive stress (such as back injuries or carpal tunnel) or work-related illnesses from poor, unsanitary, or unsafe working conditions.
Whether your injury occurred in Easton, Allentown, or elsewhere in the Lehigh Valley, finding an experienced Easton workers’ compensation lawyer can help. The team of dedicated attorneys at Munley Law’s Lehigh Valley law office will work tirelessly to ensure you receive maximum workplace injury benefits.
If your workers’ comp claim is denied, don’t panic. The experienced attorneys at Munley Law in Easton can help you appeal the decision and fight for the benefits you are entitled to. We have a strong track record of successfully handling denied claims and will use our expertise to advocate for you. […]
Read MoreMore information about Insurance
Iowa Truck Accident Lawyer
Iowa’s location in the Midwest is an important hub for the trucking industry, with major routes converging around Des
Moines. Key products moved by trucks in Iowa include tractors, corn, pork, herbicides, and aircraft parts.
The state of Iowa’s significant trucking activity on the limited interstate highways, such as I-80 and I-35, can lead to deadly accidents. If you or a loved one has been involved in a motor vehicle accident, it’s important to consult with an experienced Iowa truck accident lawyer to ensure your rights are protected.
What Makes Truck Accident Cases so Complex?
Truck accident cases are inherently complex due to the numerous factors involved.
Multiple Parties Involved
Truck crashes are complicated because they often involve several parties. In a car accident, it’s usually just the car drivers. But in a semi-truck accident, you might have the truck driver, […]
Read MoreMore information about Insurance
Can Medical Malpractice Cause a Stroke?
Understanding Strokes: Types, Causes, Treatments, and Medical Malpractice
Strokes are critical medical emergencies that require swift and accurate treatment to avoid lasting damage. We will examine various stroke types, their causes, available treatments, and the impact of medical malpractice.
Types of Strokes
Delays in treatment can result in permanent disability or death. Stroke symptoms are not unique and can mimic other health issues, leading to potential misdiagnosis of stroke. Common signs of a stroke include:
- Weakness or numbness, particularly on one side of the body
- Paralysis
- Tingling in the arms or legs
- Sudden loss of leg strength
- Severe headache
- Loss of balance or coordination
- Slurred speech
- Inability to speak or understand speech
- Vision changes, such as blurred or double vision
- Dizziness
- Fainting
- Loss of vision
- Death
Strokes can vary in severity from mild to life-threatening, […]
Read MoreMore information about Insurance
Wyoming Truck Accident Lawyer
Commercial trucks often travel on Wyoming’s highways, especially Interstate 80, a major route for moving goods across the country. These trucks cover long distances daily, enabling businesses to receive supplies and ship products efficiently, 
supporting local and national economies. However, the high volume of truck traffic increases the likelihood of crashes.
If you or a loved one has been injured in a Wyoming truck accident, consider contacting an expert truck accident lawyer for legal advice during this difficult time.
What Are the Most Common Causes of Trucking Accidents in Wyoming?
Trucking accidents are common along Wyoming’s highways, and its terrain and unpredictable weather make it challenging for truckers. High winds can topple trucks, and steep mountain passes slow them down. Sharing the road with large trucks adds significant risk, especially during harsh conditions.
Truck crashes in Wyoming can result in significant damage and serious injuries or fatalities. […]
Read More
