Articles

The Israel Court has Jurisdiction over a recovery claim filed by an Israeli Insurer against a Foreign Reinsurer

Adv. Aviv Klepner C.C. (Tel Aviv) 23416-03-18 The Phoenix Insurance Company Ltd. v. Infrassure Ltd.   The Tel Aviv District Court acknowledged jurisdiction over a claim filed by an Israeli

The Israeli Compensation System of Bodily Injuries caused as a result of Road Accidents

General: Israel has established a “No Fault System” in road accidents compensation following the enactment of Israel Road Accident Victims Compensation Law 1975 (hereinafter: The Law). According to the Law,

When are technical malfunctions considered special circumstances?

Introduction: In a recent judgement handed down by the Beit Shean Small Claims Court, the Court declined a claim for compensation as a result of flight cancellation under the Aviation

New Draft Circular by the Supervisor of the Capital Market, Insurance and Savings (the Supervisor)

On 20th January 2019 the Supervisor published a draft circular regarding transfer of funds by Israeli Insurers to Non-Israeli Reinsurers (hereinafter: New Draft Circular). History: Until 2012, the Control over

Where the Damage occurred in Israel by a Product manufactured abroad

The Manufacturer may be Summoned to Legal Proceedings in Israel The Global World of Commerce which enables orders through the Internet creates a situation where the manufacturer of the product

Is the Insurer Exempt from Liability for a Car Accident towards a Third Party, where the Insured was Drunk?

On 15th October 2018, the Israeli Supreme Court dismissed the appeal of the Hachshara Insurance Company (hereinafter: “Hachshara” and/or “the Insurer”) and declined its allegation that it should be exempt

Denial of a Liquidator’s claim based on a Claims Made Policy that was acquired 20 years ago

Adv. Nitzan Shmueli, liquidator of Shem Tov Ltd. (in liquidation) (hereinafter: the Company) v. Menorah Insurance Co. Ltd (hereinafter: Menorah). In July 2018, the District Court of Jerusalem dismissed a

Liquidators/Special Managers Claim Against D&O Insurers

In 1991 an amendment to the Israeli Companies Act was enacted, which allowed companies to insure their D&Os. In 1993 less than 15 claims were notified to Insurers under the

The Duty to Notify a Cyber Breach in Israel

The connection between the legal duty to report a cyber-breach and the exposure to liability claims arising from a cyber-attack has already become common knowledge. In the past year, several

High Rise Buildings – Need For Mandatory Insurance