What is a Loss?
A loss is the monetary value assigned to an injury or damage in a personal injury claim, including pain and suffering, past and future income, future medical care, at-home assistance, current medical bills, etc.
According to Black’s Law Dictionary, “loss” is defined as “the harm or damage resulting from an injury; the deprivation or detriment to an owner or possessor as a result of a judgment or voluntary transfer of property.” As such, loss is often a broad term in law, encompassing both tangible and intangible impacts as loss can come from a variety of forms of damages.
Legal principles governing loss aim to provide remedies, compensation, or restitution to individuals or entities adversely affected by wrongful acts, accidents, or adverse events. Loss can include economic loss, personal loss or property loss. The assessment of loss often involves evaluating evidence, calculating damages, and applying legal standards to determine liability and appropriate remedies in civil litigation or legal disputes. As a legal term, loss underscores the importance of addressing and mitigating the impacts of losses through legal recourse and equitable remedies in accordance with applicable laws and judicial principles.
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How to Protect Yourself from Carbon Monoxide Poisoning
A scare at a Dunmore, PA hotel this past weekend brought attention to the dangers of carbon monoxide (CO) poisoning. According to WNEP News, 200 people were evacuated from the Dunmore Best Western after police said a furnace in the hotel malfunctioned. The Scranton Times reported that between 20 and 30 were taken to area hospitals to be evaluated for possible CO inhalation.
The Centers for Disease Control and Prevention (CDC), reported that every year, nearly 500 people die in the U.S. from accidental CO poisoning. CO is an odorless, colorless gas that can cause sudden illness and death if inhaled.
Where is Carbon Monxide Found
CO is found in combustion fumes, such as those produced by fuel-burning space heaters, furnaces, charcoal grills, cooking ranges, water heaters, fireplaces, portable generators, wood-burning stoves, and car and truck engines. […]
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Cost of car crashes shows importance of safety measures
According to a new study released by the U.S. Department of Transportations National Highway Traffic Safety Administration (NHTSA), the price tag of car crashes comes at a heavy burden for Americans at $871 billion in economic loss and societal harm. This includes $277 billion in economic costs, nearly $900 for each person living in the U.S., and $594 billion in harm from loss of life and the pain and decreased quality of life due to injuries.
The study was based on 2010 statistics, which included a staggering 32,999 motor vehicle crash fatalities, 3.9 million non-fatal injuries, and 24 million damaged vehicles. We all know that no amount of money can replace the loss of a loved one or the pain and suffering when you are critically injured in a car crash. These figures show us the importance of a greater investment in vehicle safety, […]
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Pennsylvania personal injury lawyer warns beware of drunk drivers
The summer months are filled with graduation parties, reunions, picnics and other celebrations and travels. This time of year also brings an increase in drunk drivers.
According to the U.S. Department of Transportation, every 2-hours, three people are killed in this country in alcohol-related highway crashes. The National Highway Traffic Safety Administration (NHTSA) reported 33,561 crash fatalities in 2012, of those 31% or 10,322 involved a drunk driver. This was a 4.6% increase from the previous year.
In 2012, 239 children age 14 and younger were killed in alcohol-impaired driving crashes. Of those, 124 were in the vehicle with a drunk driver. The NHTSA reported that the rate of alcohol impairment among drivers in fatal crashes in 2012 was nearly 4 times higher at night than during the day. 15% of al drivers involved in fatal crashes during the week were alcohol-impaired, […]
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Major news agencies reporting that GM ignition switch failure may have caused 74 fatalities
Reports from many news agencies, including the Chicago Tribune, were based on information from Reuters after a search of the Fatality Analysis Reporting System (FARS), a national database of information submitted by local law-enforcement agencies, for single-car frontal collisions where no front airbags deployed and the driver or front-seat passenger were killed. Reuters reviewed crashed reported to U.S. safety regulators between 2003 and 2012, and found that such accidents occurred at a higher rate in GM cars than in competitor models.
According to the Chicago Tribune, Reuters compared the incidence of this type of deadly accident and the Chevrolet Cobalt and the Saturn Ion against the records of three small car competitors: Ford Focus, Honda Civic and Toyota Corolla. The study found the frequency of accidents in the Ion nearly six times that of the Corolla and twice that of the Focus. […]
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GM Fined $35 Million for Recall Delay
GM will pay the maximum $35 million fine to the United States Department of Transportation for delays in the recall of cars with defective ignition switches. The defect has been linked to 13 deaths and 32 crashes.
The fine is the highest civil penalty ever paid as a result of an investigation into recall problems by the National Highway Traffic Safety Administration (NHTSA). In a released statement, the Department of Transportation (DOT) said that the GM has also agreed to make “significant and wide-ranging internal changes” in how it monitors safety issues.
The DOT reported that GM will need to take part in unprecedented oversight requirements as a result of the findings form the NHTSA’s timeliness investigation regarding the Chevy Cobalt and the automakers’ failure to report a safety defect in a more timely manner.
Federal law requires that all auto manufacturers must notify the NHTSA within five business days of determining that a safety-related defect exists. […]
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