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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San Diego Man Awarded $2.4 Million in Asbestos Exposure Lawsuit
A San Diego Navy Veteran who was diagnosed in 2010 with mesothelioma, an asbestos-caused cancer, was awarded $2.4 million in damages after his disease was found to be attributed to his work in ship boiler rooms.
The lawsuit, filed against John Crane, Inc., claimed the plaintiff was exposed to asbestos while serving in the Navy from 1961 to 1971 in his work in the maintenance and repair of boilers, pumps and valves. The suit claimed John Crane made some of the asbestos-containing packing material and gaskets in the equipment.
The total damages of about $2.4 million include nearly $1.4 million in noneconomic damages and $450,000 for loss of consortium. The jury found John Crane five percent liable, the Navy and insulation companies 57 percent at fault, some manufacturers and suppliers 37 percent at fault. […]
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Car Accident Round-Up – CO Accident Takes Life of TX Billionaire
Texas billionaire broadsided by sports utility vehicle in Colorado
Texas Billionaire Dies in CO Car Accident
Charles Wyly, a 77-year-old Texas billionaire and philanthropist, died near Aspen, CO in a two-car crash on Sunday. Wyly, who was driving a Porsche, was turning back onto the highway near the airport, when his car was broadsided by a sport utility vehicle. Police believe Wyly failed to yield prior to entering the highway. Wyly, who was central to building the Dallas Arts District, was pronounced dead at the local hospital. The other driver suffered moderate injuries.
Rear-end Collision in FL on I-95 Kills One, Injures Two
A car stopped on the northbound lanes of I-95, north of Okeechobee Boulevard near exit 71, was rear-ended by another car early Sunday morning resulting in the death of a passenger, and serious injuries to the two drivers. The interstate was closed for close to four hours while rescue workers worked at the scene. […]
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California Women Awarded $1.2 Million in DUI Civil Lawsuit
Two CA women receive settlement after being hit by drunk driver
Two women, who suffered permanent injuries after an automobile accident with an assistant district attorney in Los Angeles who was driving drunk, agreed to a $1.2 million settlement in a civil lawsuit against the woman. The two women had already been awarded more than $1 million in compensatory damages by a jury.
The assistant DA had a BAC of .26, more than three times the legal limit, and admitted that she knew she was drunk. She decided to drive anyway in hopes that she would get home without getting caught. In the April 2010 accident, she rear-ended the two women near Long Beach, CA resulting in one woman suffering back injuries, facial scars and lost teeth, and the other suffering from back injuries.
The women had sought $2 million, but agreed to the settlement to avoid a second trial and to get immediate payment. […]
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Single-Car Accidents Result in Deaths Throughout US
Recent series of single-car accident claimed the lives of people across the U.S.
Virginia Teenager Dies in Single-Car Accident
According to WAVY.com, a teenager lost her life early Saturday morning in a single-car accident after she lost control of the vehicle she was driving on I-64 in James City County, Virginia. The 17-year-old girl was traveling east when she over-corrected, ran off the road and struck a tree. A passenger in the car was taken to the local hospital with unspecified injuries. Police are investigating the cause of the accident.
Woman Dies After Driving into Oklahoma Lake
A 95-year-old Norman, Oklahoma woman apparently suffered a medical episode before driving her car off Alameda Drive and ending up in Lake Thunderbird on Monday. She was driving east, “at a high rate of speed” when she struck a pipe gate causing her car to veer off the road and sink in the lake. […]
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Car Accident Round-Up – PA Accident Claims Life of Actor
Actor Ryan Dunn killed in car accident in West Goshen Township, PA
Pennsylvania Accident Leaves Actor Dead
A single car crash around 3am on Monday morning at the intersection of Route 322 and New Street in West Goshen Township, Pennsylvania, claimed the lives of actor Ryan Dunn and his passenger. Both of them died of injuries sustained in the accident. While an investigation is ongoing, police indicated that Dunn was most likely speeding in his 2007 Porsche 911 GT3. The car, which was engulfed in flames after running off the road and ending up in the woods, was destroyed.
Drunk Driver in NC Leaves Two Motorcyclists Dead
A pickup driver charged with driving while impaired crossed the center line when traveling north on N.C. Highway 82 early Sunday morning, and struck a southbound motorcycle carrying a driver and passenger leaving both of them dead at the scene. […]
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