Insurance

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

Scranton Premises Liability Lawyer

Property owner is legally obligated to keep their property safe for visitors and patrons and adequately warn of any hazards. They can be held responsible if they fail to do so and someone gets hurt. If you injured someone else’s property due to unsafe conditions, your first call should be to a Scranton premises liability lawyer at Munley Law.

When you suffer a severe injury due to another person or company’s negligence, your choice of personal injury lawyer matters. You need someone with the experience and the resources to achieve the best results for your premises liability case. Munley Law has won millions of dollars in settlements and verdicts for our clients and has earned the highest client satisfaction ratings. Let our law firm handle the legal battle so that you can heal from your injury and focus on the things that matter most. […]

Scranton Rideshare Accident Lawyers

If you have been injured as a passenger in a rideshare accident, you need an experienced Scranton rideshare accident lawyer. Unlike car accidents, these cases can be complicated to resolve and find fault for your rideshare driver injuries. You’ll deal with multiple parties, potentially more than one insurance company, large rideshare companies, and more. It’s not a fight you should have to go alone.

For 65 years, the Scranton car accident attorneys at Munley Law Personal Injury Attorneys have obtained the maximum compensation for injured victims in all types of accidents, including car accidents. Regardless of how the accident happened, you should report the incident to Lyft or Uber through their app as soon as possible. Then, hire an experienced Scranton rideshare accident lawyer who can help you navigate building your case so you get the compensation you are entitled to under Scranton law. […]

Scranton Texting While Driving Accident Lawyer

If you get into an accident with a driver who had been texting, your first call should be to a Scranton texting while driving accident lawyer at Munley Law. Our Scranton car accident lawyers, recognized nationally for their expertise and deeply connected to the Scranton community, fight relentlessly to ensure that accident victims receive the justice they deserve. We have secured millions in settlements and verdicts and are proud of our unparalleled track record. Choose Munley Law as your advocate in navigating this challenging journey.

For a no-obligation, free consultation, contact the Scranton texting while driving accident lawyers of Munley Law to schedule an appointment.

Is Texting While Driving Legal in Scranton, PA?

Pennsylvania’s commitment to road safety is enforced by stringent laws regarding distracted driving. The state has implemented a strict ban on texting while driving, […]

Pittsburgh Wrongful Death Lawyer

As personal injury lawyers, it is Munley Law Personal Injury Attorneys’ mission is to make things right for people who have suffered terrible injuries and losses because of someone else’s negligence. But there are some wrongs that can never truly be made right. Losing a loved one to wrongful death is absolutely devastating. While we cannot bring that person back, our Pittsburgh personal injury lawyer can and will aggressively pursue the justice your family deserves with a wrongful death lawsuit.

If you lost someone because of a car or truck crash, workplace accident, medical error or other preventable incident in Pittsburgh, you may be entitled to compensation. While no amount of money will ever replace your loss, financial compensation can bring some peace of mind and security for your future. And, a wrongful death lawsuit is often the only way of holding the at-fault party accountable for their actions. […]

PA Workers’ Compensation Denials

As a state with a long history of being at the forefront of industry, manufacturing, natural resources, and transportation, Pennsylvania has a long relationship with the fight for worker rights. PA Workers Compensation Denials

The need to safeguard workers became increasingly apparent as Pennsylvania’s industrial revolution moved forward in the early 20th century. Hazardous workplace conditions caused injuries to grow in both type and frequency. This surge in workplace accidents highlighted the necessity for laws designed to protect employees, leading to the development of workers’ compensation regulations. The Pennsylvania Workers’ Compensation Act of 1915 was a law that provided employees with financial protection while requiring employers to maintain workers’ compensation insurance coverage.

If you have experienced a workplace injury in PA, you should be able to rely on this historic Pennsylvania state law to provide a financial safety net for you and your family while you recover. […]