Aviation – Insurance

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 Financial Services Regulations (ways of investing capital and undertakings of Insurers and management of its liabilities) (hereinafter: the Regulation) stipulated in Clause 25 how much

By |January 27th, 2019|Categories: Aviation - Insurance|Tags: |

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 does not always know the destination of his product. In addition, a machine that was originally purchased by a plant  in Arizona, may find its

By |January 20th, 2019|Categories: Aviation - Insurance|Tags: |

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 from liability towards a third party when the Insured drove the vehicle under the influence of alcohol (Leave to Appeal 2843/18, Hachshara v. Israel Polikov

By |January 6th, 2019|Categories: Aviation - Insurance|Tags: |

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 Liquidator Claim against Menorah, based on a Claims Made Policy that was issued 20 years ago and expired 16 years ago. Background: The Liquidator of

By |November 19th, 2018|Categories: Aviation - Insurance|Tags: |

How will a Fraudulent Claim by the Insured affect the Third Party’s Right for Insurance Benefits?

In RCA 1219/18 Shay Peretz v. (1) Shlomo Insurance Company (2) Ron Zohar (18 June 2018), the Supreme Court dealt with the issue of whether Article 25 of the Insurance Contract Law, 1981 which discharges the Insurer in case the Insured or the beneficiary submitted a fraudulent claim, applies also to the third party's direct

By |August 6th, 2018|Categories: Aviation - Insurance|Tags: |

High Rise Buildings – Need For Mandatory Insurance

May 22nd, 2018|Categories: Aviation - Insurance|Tags: |

NON-ADMITTED INSURER

SUBROGATION CLAIM ONLY IN THE NAME OF THE INSURED  Peggy Sharon, Adv.   On 23 January 2017 the Supreme Court dealt with the question of whether a non-admitted insurer is entitled to file a subrogation claim in Israel in its own name and answered the question in the negative (C.A. 8044/15). The Court upheld the

By |January 3rd, 2018|Categories: Aviation - Insurance|Tags: |

Interpretation of “Cancelled Flight” according to the Aviation Services Law

Adv. Peggy Sharon     Adv. Keren Marco Introduction: The Aviation Services Law (Compensation and Assistance for Flight Cancellation or Change of Conditions), 2012 (ASL), defines a "cancelled flight" as: “Any one of the following, however, a change to the flight number will not be deemed to be a flight which has been cancelled:  A flight which

By |December 25th, 2017|Categories: Aviation - Insurance|Tags: |

What is considered “accident” under the Convention?

Adv. Peggy Sharon and Adv. Keren Marco Introduction In February 2017, the Tel Aviv Magistrates Court declined a passengers' monetary claim for bodily injury damages after it reached the conclusion that the occurrence which was the subject matter of the clam is not considered as “accident” as required by the Convention.[1] The Claim Plaintiff, a

By |December 25th, 2017|Categories: Aviation - Insurance|Tags: |

THIRD PARTY LIABILITY / PROFESSIONAL INDEMNITY – WHICH POLICY SHOULD APPLY?

A fine line differentiates between act or omission of a torfeasor which could be covered by Professional Indemnify Policy and act or omission that could be covered by Public Liability Policy.   For example, if a pedestrian falls due to a broken pavement – is the Municipality where the pavement is situated covered by its

By |December 24th, 2017|Categories: Aviation - Insurance|Tags: |

Extra Contractual Damages due to Unjustified Declination of Insurance Claim

Hadas Adler, Adv. C.C 3168/09 The Third Step Ltd. v. the Israel Phoenix Insurance Co. Ltd General Background Plaintiff is a company engaged in the business of import and marketing of women's footwear. In December 2006 a fire broke out in Plaintiff's rented storeroom and totally destroyed it and its contents. The storeroom was insured

December 24th, 2017|Categories: Aviation - Insurance|Tags: |

Israel published a new directive draft designed to ensure quick and fair claim settlements of long term care insurances

by Guy Shmueli During the last few years the Israeli media published many stories of Insureds who purchased Long Term Care policies and who became involved in a lengthy and complex process when trying to exercise their rights to obtain said insurance benefits. The issue raised awareness when during a recent meeting of the Israeli

December 24th, 2017|Categories: Aviation - Insurance|Tags: |

Litigation of D&O Claims in Israel

Adv. Moshe Abady, Adv. Yael Navon and Adv. Adi Margalit D&O Liability Team; December 2017 What is the most significant change in D&O Litigation in Israel in the last few years? The increase in the number of motions filed with the Court requesting to certify the filing of Derivative Actions against D&Os. Whereas between the years

By |December 18th, 2017|Categories: Aviation - Insurance, D&O|Tags: |

Is a Flooding of Groundwater a Foreseen Event in a Construction Policy?

Peggy Sharon, Adv. C.A 8776/15 Ayalon Insurance Company Ltd v. Malibu Construction Company (December 2017). Background In 2006, the Malibu Construction Company (hereinafter - "the contractor") won a tender for the construction of an underground passage under the railway tracks in Akko.  Attached to the tender there was a professional opinion of a soil engineer

By |December 14th, 2017|Categories: Aviation - Insurance|Tags: |

Underwriting of a Policy

The Insured's Disclosure Duty v.The Insurer's Obligation to Conduct Independent Investigations. Dror Zamir, Adv. & Hadas Adler, Adv.    C.C 24088-08-13 Leibowits and Others v. Apolo Investments Ltd. and Others In one of her last Judgments before her retirement, Judge Denia Keret-Meir from the Tel Aviv Economic District Court handed down a comprehensive and significant

By |December 13th, 2017|Categories: Aviation - Insurance|Tags: |

The Israeli Court declined a JB Claim accepting the Argument of Fraud

Adv. Peggy Sharon, Adv. Sharon Shefer and Adv. Karin Barel October 2017 On 25th September 2017, the Central District Court (Judge Kinar) declined a Claim filed by Plaintiffs: Eran Polack (hereinafter: Polack) and several companies controlled by Polack against Insurers: Menorah Mivtachim Insurance Company, after Menorah, represented by Levitan, Sharon (P. Sharon, S. Shefer, K.

THIRD PARTY LIABILITY / PROFESSIONAL INDEMNITY – WHICH POLICY SHOULD APPLY?

A fine line differentiates between act or omission of a torfeasor which could be covered by Professional Indemnify Policy and act or omission that could be covered by Public Liability Policy. For example, if a pedestrian falls due to a broken pavement – is the Municipality where the pavement is situated covered by its PI

By |July 9th, 2017|Categories: Aviation - Insurance|Tags: |