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

Can Lyft Be Held At Fault For an Accident in Philadelphia?

Lyft may be held at fault for an accident in Philadelphia if it can be proven that the driver’s negligence or Lyft’s operational policies played a part in the collision. Determining liability in car accidents can be complicated, and each case is unique. Seeking legal advice from a qualified Philadelphia Lyft accident attorney who can help you understand your rights and options is advisable.

How is Fault Determined in a Lyft Car Accident in Philadelphia?

Determining fault in a car accident involving a Lyft vehicle in Philadelphia depends on various factors, such as the specific circumstances of the accident, applicable traffic laws, and the actions of all parties involved. Philadelphia Lyft accident lawyer

In general, Lyft may be held responsible for an accident if it can be proven that the driver was negligent or reckless while driving under the Lyft platform. For example, if the Lyft driver was speeding, […]

Stroudsburg Workers’ Compensation FAQs

Do I Need a Workers’ Compensation Lawyer in Stroudsburg?

If you have been hurt on the job or become sick, you want to notify your employer immediately, seek appropriate medical treatment from a licensed medical provider, and start applying for your workers’ compensation benefits as soon as possible. If you have experienced an injury or illness on the job and are unsure what your next steps should be, you want an experienced Stroudsburg workers’ compensation attorney fighting for your just compensation for your work-related injury or illness.

Below, you will find frequently asked questions we receive from our workers’ comp clients in Stroudsburg about their injuries and their claims. If you are injured while on the job, call the Stroudsburg workers’ compensation law firm with six decades of building a national reputation as a leader in personal injury law. Munley Law workers’ comp lawyers have earned the highest possible client and peer review ratings, […]

Who Is At Fault in Most Philadelphia Motorcycle Accidents?

In Philadelphia, motorcycle accidents are common and frequently raise liability and fault questions. The key is that uncertainty arises around the physical injuries, which are accompanied by material damage, and the question of responsibility for the consequences. Analyzing motorcycle accident cases helps identify the factors and the most likely fault participants. This is where a knowledgeable Philadelphia motorcycle accident attorney is warranted and priceless to the news of their personal injury client.

What Causes Motorcycle Accidents in Philadelphia?

Some common causes of motorcycle accidents in Philadelphia include but are not limited to:

Traffic violations—Most motorcycle crashes are caused by a traffic violation on the part of any of the involved parties; these account for 14% of all traffic deaths (National Safety Council, 2023). Such traffic violations may include speeding, beating red lights, abrupt lane changes, failure to yield, […]

What is Pain and Suffering in Pittsburgh Personal Injury Claims?

The law compensates victims who have experienced an injury-causing accident if it occurred as the result of someone else’s negligence. In these cases, the victim may file a personal injury claim with the help of a Pittsburgh personal injury lawyer to seek just compensation for all of their losses and pain. In the context of a personal injury claim, pain and suffering is a wide-ranging term that encompasses all forms of mental and physical suffering the victim has endured as a result of the accident. This can include things like physical pain, as well as things like emotional trauma suffered and mental anguish.

What Are Pain and Suffering Damages?

Pain and suffering is a broad umbrella term encompassing many experiences. So when we talk about “pain and suffering,” what exactly are we talking about?

Calculating pain and suffering is certainly not an exact science. […]

Pennsylvania Wrongful Death Lawyer

Losing a loved one to someone else’s negligence is a tragedy no one should have to bear. While no amount of money will make things right, seeking justice with the help of a Pennsylvania wrongful death lawyer can hold the at-fault party accountable and bring your family some security.

What is Considered Wrongful Death?

In Pennsylvania, wrongful death is defined as a death caused by the wrongful act, neglect, unlawful violence, or negligence of another person or entity. The purpose of a wrongful death lawsuit is to compensate the family of the deceased for the losses they have suffered as a result of their loved one’s untimely death. This includes immediate expenses like funeral and burial costs and long-term losses such as loss of earnings and financial support, benefits, and companionship.

Common causes of wrongful death lawsuits include fatal motor vehicle accidents, […]