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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What is Workers’ Comp Mediation?
What is Workers’ Compensation Mediation?
If you’re injured on the job in Pennsylvania, your workers’ comp lawyer will discuss with you the role a workers’ compensation mediation plays in your litigation process. Even if you are familiar with the Pennsylvania workers’ compensation mediation process, you might not understand how the settlement conference affects your claim, or the compensation you need for your injuries. Learning the basics of a workers’ comp mediation beforehand can give you the advantage you need, so you can obtain the outcome you want.
Your workman’s comp attorney will prepare you for your mediation conference and answer any questions you may have ahead of time. However, the following information will guide you through a Pennsylvania workers’ compensation mediation from beginning to end, giving you an expert’s view on the proceeding. You’ll learn about the attendees at a workers’ comp settlement mediation, […]
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An Insurance Adjuster Calls After Your Car Accident. What Should You Do?
How to Interact with Insurance Adjusters After a Car Accident
If you or a loved one have been in a car accident, your main focus should be on caring for and recuperating from injuries and the trauma that has been endured. Insurance claim adjusters often prey upon victims’ vulnerability by trying to negotiate early settlements, and by getting the injury victim to make statements that can infringe upon how much you are truly entitled to. At this time, thinking about recovering compensation from insurance companies may seem stressful and the last thing that you want to worry about; a car accident lawyer can alleviate these stresses. You need an experienced car accident lawyer that has a proven track record.
For over 60 years, the award-winning personal injury lawyers at Munley Law have fought for the rights of accident victims throughout Pennsylvania. […]
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Bad Faith Insurance Lawyers
When you pay your insurance premiums month after month, you expect your provider to uphold their end of the bargain if you ever need to file a claim. Unfortunately, some insurers prioritize protecting their profits over treating policyholders
fairly. That’s when you need an experienced bad faith insurance lawyer in your corner.
A bad faith insurance attorney knows the unfair tactics insurers use, like delaying or denying valid insurance claims and refusing to pay reasonable settlements. When an insurer violates its obligations, bad faith insurance claim lawyers fight to hold them accountable.
If you believe you have a bad faith insurance claim, contact the insurance lawyers at Munley Law to schedule a free consultation.
What Constitutes Bad Faith?
Bad faith refers to an insurance carrier acting unreasonably or breaking their contractual duties and obligations to you. Some common examples of bad faith insurance practices include:
- Delaying claims or payment with no valid basis for denial
- Unreasonable denial of claims for improper or misleading reasons
- Failure to properly investigate and evaluate a claim
- Refusing to settle for a fair, […]
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Workers’ Compensation Death Benefits
Losing a loved one to a workplace accident or a work-related illness is a devastating experience. In addition to the emotional toll, families often face financial hardships due to the sudden loss of income. Pennsylvania workers’ compensation death benefits are designed to provide financial support to the dependents of workers who die as a result of work-related injuries or illnesses.
Understanding Workers’ Compensation Death Benefits in Pennsylvania
Workers’ compensation is a state-mandated insurance program that provides weekly benefits to employees who suffer work-related injuries or illnesses.
The primary goal of this system is to ensure that injured workers receive prompt and fair compensation for medical expenses, lost wages, and rehabilitation costs without litigation. In return for these guaranteed benefits, employees generally forfeit the right to sue their employer for negligence, creating a balanced system that protects workers and employers.
Workers’ compensation death benefits are special workers comp financial benefits provided to the dependents of a worker who has died as a result of a work-related injury or illness. […]
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What Age Group Causes the Most Car Crashes?
Drivers aged 16 to 19 in the United States cause the most car crashes. These young drivers have the highest crash risk among all age groups. Despite being less experienced drivers, they often engage in risky driving behavior like speeding and distracted driving. Having teen passengers in the car can increase the likelihood of fatal teen crashes. Accident lawyers usually deal with cases involving young drivers who were not paying attention or driving recklessly, leading to serious accidents. Licensed drivers in this age group are more likely to be involved in motor vehicle accidents than older, more experienced drivers.
Fatal crashes are prevalent among teen drivers. The death rate for drivers ages 16 to 19 is higher than any other age group. Many factors contribute to this high rate, including their lack of experience and propensity for risky driving behavior. Distracted driving, whether due to mobile phones or other distractions, […]
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