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.
More information about Loss
GA Men’s Club to Pay $1.75 Million for Over-Serving Alcohol Leading to Deadly Crash
The family of a woman who was killed in a vehicle accident with a drunk driver, who had just left a men’s club in Conley, GA, outside Atlanta, will receive $1.75 million from the club. The driver had a blood alcohol content of .398, nearly 5 times over the legal limit, at the time of the accident.
The drunk driver was driving his Lincoln Town Car the wrong way on I-20 eastbound in July 2008 and slammed head-on into the victim’s car. Both drivers died at the scene of the accident. A passenger in the woman’s car died enroute to the local hospital.
The lawsuit alleged that Club Blaze should have known the man was intoxicated and should have stopped serving him. The jury found that the club over-served alcohol to the man.
If you have been injured or a loved one killed in a vehicle accident that was caused by another person’s carelessness or recklessness, […]
Read MoreMore information about Loss
Nebraska County Found Liable for Accident Due to Poor Signage
A Nebraska jury awarded a 24-year-old Michigan man $407,000 to be paid by Furnas County, Nebraska for the county’s failure to adequately mark a sharp turn in a road where the man crashed his car leaving him with significant injuries.
The judge in the case found the man 40% liable and the county 60% liable. This reduced the amount of the original award of $678,000 for the county. The man was not wearing a seatbelt and was speeding at the time of the accident. The judge ruled that the signage at the accident site could not be seen at night, and it was placed too close to the 90-degree turn, giving drivers inadequate time to react.
The accident occurred in December 2007, when the man missed the turn and drove off the road causing his car to flip, trapping in the car for hours. He suffered spinal cord damage requiring multiple surgeries and weeks of hospitalization. […]
Read MoreMore information about Loss
Car Accident Round-Up – Three Die in NY Head-on Collision
Ford Explorer drifts into oncoming lane causing fatal head-on car accident
Three Die in New York Accident
A head-on collision Monday morning between a Ford Explorer and a GMC Jimmy near Bethel, New York killed three people and injured one. According to police, the Ford Explorer carrying two passengers, was heading east on 17B between White Lake and Fosterdale and drifted into the west bound lanes colliding with the GMC. The driver of the GMC was wearing his seat belt and his airbag deployed, but he was pinned in the vehicle and died at the scene. The driver of the Explorer and a back seat passenger, neither of which were wearing their seatbelts, were both ejected and died at the scene. The front seat passenger was wearing his seatbelt and suffered non-life-threatening injuries. The cause of the accident is still under investigation.
NY Man Arrested for Vehicular Manslaughter After Accident
A Freeport, […]
More information about Loss
Pennsylvania Family Awarded $2.9 Million in DUI-Hit-and-Run
The family of a 14-year-old Bensalem, Pennsylvania girl who was killed in a 2004 hit-and-run crash while she was trying to cross a road has been awarded $2.9 million by a Bucks County judge. The case was decided without a jury.
The 21-year-old driver that struck the girl was driving with a suspended license and was found to be intoxicated at the time of the crash. The police did not charge him with DUI-related hit-and-run saying that road condition and other factors, not his drunkenness, caused the crash. The driver, however, was sentenced to three to six years in a state prison for the accident, and is currently in jail.
The family of the deceased brought a civil trial against the driver and the owner of the vehicle the man was driving. According to PhillyBurbs.com, the judge awarded the plaintiffs $697,749.92 in wrongful death damages against both defendants; […]
Read MoreMore information about Loss
Car Accident Round-Up – NJ Town Mourns Four Teenagers
Teen driver loses control of SUV killing four of the eight teen passengers in tragic accident
Four Teenagers Die in NJ SUV Accident
In a tragic single-car accident on Sunday, four teenage football players from Mainland Regional High School in Linwood, NJ lost their lives, and four others were injured, as they headed to a team brunch. The 17-year-old driver apparently lost control of his SUV, on the Garden State Parkway around 11:45am, as he rounded a crest and came upon heavy traffic, causing the vehicle to flip several times, ejecting two of the passengers. All eight of the boys, aged 15-17 years-old, were riding in the same vehicle.
NC Accident Kills Three Generations of Women
An SUV carrying eight family members on a return trip home to New York, after vacationing in Florida, crashed on I-95 near Raleigh, NC. According to police, […]
