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
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, doctor, surgeon, etc.– fails to provide the standard of care to the patient, […]
Read MoreMore information about Insurance
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.” […]
Read MoreMore information about Insurance
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. […]
Read MoreMore information about Insurance
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. […]
More information about Insurance
Uber Insurance Claims: How Do They Work in Philadelphia?
Philadelphia’s streets are constantly busy, with more people opting for rideshare services like Uber. As Uber rides become more common, so do the accidents that come with them. If you’ve been involved in an Uber accident in Philadelphia, you know how overwhelming it can be to handle injuries, medical bills, lost wages, and other damages.
Your rideshare insurance claim is vital to securing compensation, not just for your pain and suffering, but also for the financial burdens like medical expenses and time missed from work. Getting timely relief is essential when your life is turned upside down by an Uber accident. An experienced lawyer can help you handle the challenges of rideshare claims and insurance. Contact our Philadelphia Uber accident lawyers at Munley Law for a free consultation. It’s a risk-free opportunity to discuss your case and understand your options. […]
Read More
