Insurance

Insurance is a dynamic and multidisciplinary field that covers many quite different sectors (life insurance, property insurance, collective insurance) and has a special bearing on the capital market, because insurance companies are financial institutions that provide long-term savings and sell their clients various saving and investment instruments such as “managers’ insurance”, pension insurance and provident funds. Consequently, this is a regulation-intensive sector and is closely regulated by the Supervisor of Insurance through circulars, directives and proliferating regulation. 

The firm has a special expertise in the various branches of insurance, and has been working for many years with Israel’s largest, leading insurance companies, providing them with comprehensive legal services, including:

  • Representation of insurance companies in litigation, including in particular class actions, across all insurance branches;
  • Regulation and various processes with the Supervisor of Insurance;
  • Ongoing representation of insurance companies in the handling of client claims and ombudsman complaints;
  • Compliance matters;
  • Assistance in drafting insurance contracts, taking into account all recent case law and regulatory instructions;
  • Representation in various proceedings vis-à-vis the Supervisor of Insurance – hearings, financial penalties, administrative penalties, ombudsman complaints;
  • Management of international insurance-related arbitrations;
  • Management of large-scope environmental claims;
  • Ongoing legal advice to foreign insurers with local activity;
  • Representation of foreign insurers in Israeli courts.

The firm also provides insurance-related legal services to corporations, such as:

  • Ongoing insurance-related legal advice to corporate entities;
  • Torts and insurance litigation, including lawsuits with Industry-wide implications;
  • Mediation and arbitration services in largescale insurance and torts claims;
  • Insurance-related advice in M&As.

We provide monitoring services for insurers and underwriters in insurance-related legal proceedings. The firm also represents various clients such as actuarial firms, which seek our help with legal opinions and contracts, and provides legal services to insurance agencies, starting with the licensing stage and across all of their other legal needs.

Torts

Yigal Arnon & Co. represents a large array of clients in torts actions, including some of the largest commercial organizations in Israel, corporations, leading local and foreign insurers, and individuals. The firm has vast experience representing local and foreign insurers, both as plaintiffs and as defendants, in the courts and in arbitration, with regard to various issues:

  • Property damages – all possible scenarios, with a focus on technical damages and fire and water damages;
  • Physical injuries – all accident scenarios, with a focus on occupational accidents, electrocution, occupational diseases and road accidents;
  • Professional negligence – representation of directors and officers, lawyers and other professionals;
  • Environmental action – representation of manufacturers in claims against them for alleged disease resulting allegedly from environmental contamination;
  • Subrogation claims – representation of insurers in subrogation claims;
  • Monitoring services for local and foreign insurers;
  • Service as mediators and arbitrators.

The firm has acquired a special expertise with regard to electricity-related damages, including significant property damages and physical injuries, and resulting insurance claims. We have also gained much experience with damages arising from fire and water damages, and claims pursuant to the Compensation of Road Accident Victims Law. Thanks to our vast experience in torts, we were selected to represent some of the largest corporations in largescale environmental actions that are at the heart of the public debate, such as the Kishon River, Ramat Hovav and Mount Carmel fire disaster claims.

The services offered by the firm include the following, and more:

  • Torts- and insurance-related litigation;
  • Management of cross-border insurance arbitration;
  • Management of largescale environmental claims;
  • Ongoing legal advice to corporations on insurance matters;
  • Ongoing legal advice to foreign insurers operating in Israel;
  • Representation of foreign insurers before Israeli courts and tribunals.

Recognition

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