On the morning of October 7, 2023, a brutal surprise attack was launched against Israel by the terrorist organization Hamas. In just one week, we counted about 1,400 murdered and about 220 kidnapped, many of whom were civilians. At the same time, the country suffered heavy and incessant rocket barrages that hit thousands of buildings and caused extensive damage.
The Israeli government declared the event a "war." Local authorities across the country immediately halted the Israeli construction industry and shut down all construction sites. In light of the many questions we receive from our policyholders and the general public of contractors, we saw fit to open a dedicated area on the website with a concentration of information on issues related to the field of construction insurance in the context of the "Iron Swords" war.
A place where we will upload various content on the subject, answer questions, share important information distributed by the state and/or experts in various fields, and more.
In preparation for submitting applications for state compensation for damage to your business due to the war situation in Israel, we have contracted with two leading financial consulting firms to offer you support in submitting applications under special conditions. |
The "Iron Swords" War
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Israel Builders Contractors Association
We present to you the position of the Israel Builders Contractors Association regarding the implications of the 'Iron Swords' war on the housing market in Israel and the implications specifically on delays in work and expected delays in the delivery of apartments.
The impact of the Iron Sword War on the construction insurance industry in Israel
Apr 15, 2024
The insurance industry has undergone quite a bit of upheaval following the Iron Sword War. In the following short article, we will touch on some of the main points on this topic that are specifically related to construction insurance.
