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
Pittsburgh Nursing Home Abuse Lawyer
Pittsburgh Nursing Home Neglect Attorneys Obtaining Justice for Seniors and Their Families
Nursing homes are meant to be strictly regulated. Staff in assisted living facilities and nursing homes must protect their residents and preserve their dignity. When you trust your loved one to a professional or facility, you expect them to be properly cared for and safe.
However, abuse in nursing homes and assisted living facilities happens every day. In 2020, nursing home ombudsmen throughout the United States saw over 15,000 complaints related to abuse or neglect. These are just the incidents that are reported, however. Elderly residents are often unable or hesitant to report abuse, and family members can miss some common nursing home abuse signs.
If you suspect your loved one is facing abuse or neglect in their nursing home or facility, speak with a Pittsburgh personal injury attorney. […]
Read MoreMore information about Insurance
Pittsburgh Bus Accident Lawyer
Were You Involved in a Bus Accident in Pittsburgh? Let Munley Law Help
Travel by bus is a popular and widely used mode of transportation throughout the country. Buses offer several advantages, including affordability, accessibility, and the environmentally friendly ability to carry a large number of passengers all at once.
Despite the benefits, as with all vehicles, buses are not immune to accidents. Furthermore, due to their size and the potential number of people traveling on a bus, the consequences of a bus accident can be devastating.
If you or a loved one sustained injuries in a bus accident in Pittsburgh, call our experienced bus accident attorneys at Munley Laws Pittsburgh Personal Injury Attorneys to discuss your options. Our team of bus injury lawyers possesses significant expertise in handling bus accident cases, and we have successfully represented clients against major bus companies throughout the country. […]
Read MoreMore information about Insurance
Pittsburgh Workers’ Compensation Lawyer
If you were injured on the job in Pittsburgh, you need a compensation lawyer who will fight for you
Workplace injuries can happen when we least expect it. The National Safety Council (NSC) reports that a work injury occurs every 7 seconds. That means that 510 workers are injured every hour, 12,600 every day, 88,500 every week, and 4,600,000 every year. If you sustained injuries while working, you may be entitled to workers’ compensation benefits. To get the maximum compensation in Allegheny County, you need a Pittsburgh workers’ compensation lawyer who will fight for you. You need Munley Law’s Pittsburgh Personal Injury Attorneys. Get a free workers’ compensation case evaluation today.
Am I eligible for Workers’ Compensation Claim?
In Pennsylvania, workers’ compensation insurance exists to cover the medical bills and wage loss for employees who get injured in a workplace accident and cannot work. […]
Read MoreMore information about Insurance
Pittsburgh Motorcycle Accident Lawyer
You need a Pittsburgh motorcycle accident lawyer who will fight for you
Pennsylvania is home to nearly 800,000 registered motorcycle riders. Unfortunately, there were more than 230 motorcycle crashes in Allegheny County alone. With less protection than that of a car or truck, motorcycle riders often suffer severe injuries when they’re hit by a car or involved in a crash. When that occurs, you will need the help of an experienced attorney in Pittsburgh to help you get compensation for your injuries while you concentrate on your recovery.
If you or someone you love suffered a catastrophic motorcycle crash, you need an attorney from Munley Laws Pittsburgh Personal Injury Attorneys, who will deliver for you. If you’re ready to see the difference the Munley Law Personal Injury Attorneys can make in your case, schedule your free consultation today.
What Compensation is Available After a Motorcycle Accident in Pittsburgh? […]
Read MoreMore information about Insurance
Pittsburgh Bicycle Accident Lawyer
Our Pittsburgh Bicycle Accident Attorneys Are Here to Help
In the past two decades, biking as a means of commuting has become increasingly popular across the United States. In fact, from 2000 to 2019, the number of Americans who bike to work increased by 61 percent. This trend certainly rings true in Pennsylvania, which is in the top half of states ranked by the number of bike commuters.
Biking, whether as a means of getting to work, a form of exercise, or a hobby, has so many benefits. However, the unfortunate reality is that cyclists are at risk of injury when biking on roads that also permit cars. Unlike a car driver or passenger, who is shielded to some degree by the vehicle itself, cyclists have very little protection when an accident occurs. If a car and a bicycle collide, it’s likely that the cyclist will experience far more damage. […]
Read More
