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
Car Accident Round-Up – Alcohol a Factor in Serious Ohio Car Accident
Plans to improve education of dangers of drinking and driving underway
Three Injured in 5 Car Accident on California Freeway
The Los Angeles Times reports that three people were injured, one seriously, in a 5 car accident on southbound 101 near Los Angeles. One of the victims had to be extricated from the vehicle. The cause of the accident, that shut down the freeway for over an hour on Sunday, is still being investigated.
Train/Car Collide in Durham, North Carolina
A CSX freight train collided with a Toyota Camry around 10:30a.m. Thursday after the driver of the car drove around the lowered crossing arm. The woman escaped injury when the train struck the front corner panel of the car. The accident occurred at NC. 54 near N.C. 55 in Durham, North Carolina. The accident is under investigation.
Costa Mesa Car Accident Injures Two
In a Thursday morning car crash in Costa Mesa, […]
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Car Accident Round-Up – Infant Dies in Tragic Car Accident
Child got out of the house and was hit by family member moving the car
Michigan Teen In Critical Condition Following Accident
SouthBendTribune.com reports a 17-year-old Paw Paw female is in critical condition with life threatening injuries after losing control of her car and being ejected from the vehicle when she crossed the center line into oncoming traffic. The 44-year-old driver of the car that collided with the teen’s car suffered significantly minimized injuries due to the use of his seat belt.
Florida Woman Pinned In Car After Accident
A two-car accident around 7 p.m. Thursday shut down State Road 82 in Lehigh Acres, reports 2RSWFlorida. The accident left one woman pinned in a vehicle for over 30 minutes as firefighters used the Jaws of Life to free her. Eventually they had to use a tow truck to pull the two vehicles apart in order to free the woman. […]
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Car Accident Round-up — Cell Phone/Text Messaging Implicated In S.C Teen’s Death
Distracted driving is a leading cause of car accidents in the United States
Cell Phone/Text Messaging Involved In S.C Teen’s Death
South Carolina State troopers say a high school senior was killed when her Honda Accord crossed the center lane and hit the rear tires of a log truck’s trailer which was traveling in the opposite direction. The accident happened in Beaufort County. Witnesses say the student appeared to be looking down at the time of the accident and information retrieved from her phone shows she was reading and sending text messages while driving home from school. She had read a text less than a minute before the first 911 call was made, reports WITN.com.
One Dead and One Injured In Fiery Salt Lake City Crash
It is not yet know if a woman died from her injuries after her Mazda sedan hit a pickup truck in downtown Salt Lake City or if she died from the flames when her car caught fire after the impact, […]
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South Carolina Mother Files Lawsuit Over Fire That Killed Her Son
SCnow.com reports a Lamar, South Carolina mother has filed a lawsuit against several parties, including her landlord and an electric company, over her 11-year-old’s death in a fire two years ago when the family lived in a manufactured home.
The lawsuit claims the home was “sloppily, recklessly and dangerously electrically wired and uninhabitable” as the suit cites several electrical wiring errors. The lawsuit also claims gross negligence, negligent infliction of emotional distress and wrongful death. Knowledge of the electrical problems and the “defendants’ failure to exercise reasonable care and comply with the law” led to the child’s untimely death.
A fire investigator has testified the fire was a result of faulty wiring in the home’s stove.
The lawsuit alleges the landlord was aware of the electrical hazards and of other recurrent electrical problems at the home, […]
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Car Accident Round-Up — Two SC Students Killed in Head-On Wreck
Nissan Pathfinder hits car head-on attempting to pass on the highway; kills both passengers in tragic accident
Two Charleston Students Killed In Car Accident
Two Charleston students are dead after a car accident Dec. 29 night in Aiken county, SC. Officials say 22-year-old Katie Scott and 24-year-old Alexander Bush died from injuries in the crash, according to news reports. Aiken County Coroner Tim Carlton says a Pathfinder driven by another South Carolina motorist hit the couple head-on as he tried to pass a car on Highway 302.
Two Massachusetts Drivers Killed in Head-On Accident
Two women were killed in a two-car accident Thursday night in Westport, MA, according to a news site. The Massachusetts State Police determined the driver of a Hyundai SUV drove the wrong way on Route 88 and struck a Toyota pickup head-on. Drivers of both vehicles were killed, […]
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