Loss

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

Ford and Toyota Issue Recalls

Ford Motor Company and Toyota Motor Sales have both issued recalls for vehicles.  Toyota issued a voluntary safety recall involving 2006 to early 2011 model year RAV4 and 2010 model year Lexus HS 250h vehicles sold in the U.S.  Ford’s recall is for its 2013 Escape SUVs.

Toyota Recall

Toyota reports in its press release of the recall:

“Toyota has determined if the nuts on the rear suspension arm are not tightened following the proper procedure and torque specification during a rear wheel alignment service, excessive play may occur at the threaded portion of the arm, followed by rust formation.  If this were to occur, the threaded portion of the rear suspension arm may wear and cause the arm to separate.”

 The National Highway Traffic Safety Administration (NHTSA) notes that failure of the rear tire rod could cause a of vehicle control, […]

Read More

More information about Loss

Pennsylvania Drivers Asked to be On the Lookout for Joggers

Running is one of the most popular forms of exercise among Americans. In fact, according to Running USA, there are over 35 million recreational runners in the United States.  Although there are numerous health benefits to running including, weight , improved cardiovascular health, natural stress relief and increased strength, runners also risk serious injuries from being struck by a vehicle.

Just this month, a 20-year-old woman was jogging in Blooming Grove, just 35 miles east of Scranton, when she was struck and killed by a car, according to news reports.  The driver apparently intentionally ran his vehicle onto the shoulder of the highway and struck and killed the woman as she jogged on Route 507. Although this was an extreme case, it does serve as an example of the dangers Pennsylvania runners face when running on the roadways and highways. […]

Read More

More information about Loss

Pennsylvania Accident Victims Should Request a Copy of Their Vehicle Accident Report

Earlier this month our PA truck accident lawyers offered some information regarding vehicle accident investigations.  However, we did not include information on the crash report and what happens with all the information that is compiled – and how you can access that information.   Below we explain the importance of a Pennsylvania crash report.

The Pennsylvania State Police, along with the state’s nearly 1,300 local municipal police departments, have a duty to investigate each accident that occurs on the Pennsylvania roadways.  That is no easy task with over 120,000 miles of roads and highways in the state.  According to the 2010 Pennsylvania Crash Facts and Statistics, in 2010, PA police investigated 121,312 traffic crashes.  Of those accidents, 1,324 people died and 87,949 were injured.

When police come upon accidents the scene is often chaotic.   The police must first make sure all of the accident victims are properly attended to and then they need to redirect traffic.  […]

Read More

More information about Loss

Pennsylvania Student Athletes Offered Protection Under Sudden Cardiac Arrest Prevention Bill

Earlier this month we reported on the safety ranking of Pennsylvania in respect to safety initiatives states take to prevent injuries and death among their residents.  Pennsylvania was recognized for having a strong youth sports safety law. Now, Governor Tom Corbett has signed a new law that will offer additional protection to young athletes – an act establishing standards for preventing sudden cardiac arrest (SCA) and death in student athletes.

According to the American Academy of Pediatrics, SCA is the abrupt and unexpected of heart function, and can cause death if not treated within minutes.  SCA is attributed to more than 2,000 deaths in the United States each year.  The New York Times reports that while sedentary youths are susceptible to SCA, the risk is nearly three times higher in competitive athletes. In addition, a high school student dies of cardiac arrest as often as every three days. […]

Read More

More information about Loss

Police Reconstruct Fatal Pennsylvania Accident

After a double-fatal car accident in Rome Township, PA, on Friday night, state police closed a portion of the road to reconstruct the deadly accident.  According to news reports, police closed State Route 1022 Monday morning in Bradford County in an effort to help determine the circumstances surrounding the accident.

A couple died in the Friday night accident when the driver of their car, their 49-year-old son, apparently veered into the oncoming lane, where the vehicle was then struck by a dump .  The man’s mother and father died at the scene of the accident.  He was taken by helicopter to the nearby hospital.

The driver of the dump truck said he saw the SUV coming towards him and swerved to avoid the SUV, however, the two vehicles still struck nearly head-on.  The dump truck driver, who was wearing a seatbelt, […]

Read More
Search
Categories
Archives
LCA
PA Bar Association
top 100
Super Lawyers
Best law firms
best lawyers
top 1% of trial lawyers
av
Irish Legal
BBB Accreditation Badge The information contained on this website does not create an attorney-client relationship nor should any information be considered legal advice as it is intended to provide general information only. Prior case results do not guarantee a similar outcome.
855-866-5529
Back to Top