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An Alitalia plane is seen parked on the tarmac at Ben Gurion International Airport on February 27, 2020, after passengers traveling from Italy were denied entry to Israel. (Jack Guez/AFP)
June 23, 2025, 10:02 pm
Israel approves $8 billion war insurance cover for Israeli and foreign airlines
Once Israeli airspace reopens, state-backed guarantee will enable foreign airlines to obtain wartime insurance policies, hopefully encouraging them to keep flying despite fighting
By Sharon Wrobel
Illustrative: Machinery in an armored vehicle manufacturing factory, December 27, 2023. (Defense Ministry)
April 10, 2025, 8:20 pm
Demand for state-backed insurance soars as Israeli exporters fear Trump tariff chaos
State-owned Ashra trade agency says it granted exporters insurance for transactions worth NIS 4 billion in first quarter, versus NIS 1 billion during same period in 2024
By Sharon Wrobel
Lufthansa aircrafts parked at the airport in Frankfurt, Germany, September 2, 2022. (AP/Michael Probst)
November 12, 2024, 4:48 am
Lufthansa group extends suspension of Israel flights through December 15
Move applies to SWISS, Austrian Airlines and Eurowings; Lufthansa flights to Tel Aviv from Germany suspended until end of 2024; Virgin Atlantic won’t resume fights before Oct. 2025
By AFP and ToI Staff
Flights take off at Ben Gurion Airport. April 17, 2024. (Yossi Aloni/Flash90)
November 6, 2024, 8:46 pm
Foreign carriers warn they may not resume flights without changes to compensation laws
Group of 15 airlines seek amendments to laws amid war to reduce costs and financial risks, in order to make a return of services to Israel feasible
By Sharon Wrobel
Pro-Palestinian, anti-Israel activists picket outside the High Court in Cape Town, South Africa, Jan. 11, 2024 (AP Photo/Nardus Engelbrecht)
May 13, 2024, 6:26 pm
South Africa boycott may be looming, Israel’s foreign trade insurer warns exporters
Government-owned Ashra insurance company says growing political instability could lead Pretoria to impose to trade restrictions similar to those Turkey has slapped on Israel
By Sharon Wrobel
A pumpkin damaged in a hailstorm at the central Israeli moshav Hatzav, April 2023. (Yuval Ezra)
January 9, 2024, 10:55 pm
Compensation to farmers for extreme weather-related damage up 13% in 2023
Set to pay out over $100 million for damage to crops and livestock, insurance company says climate change events are becoming more frequent, more powerful
By Sue Surkes
Bank of Israel main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/Flash90)
August 2, 2023, 6:59 pm
Bank of Israel sees increased risk to economy due to judicial overhaul uncertainty
In report on domestic financial stability, central bank says Israel’s financial system ‘remains stable’ but raises the level of risk, citing overhaul impact
By Sharon Wrobel
Illustrative: A member of the medical staff at Hadassah Hospital Ein Kerem in Jerusalem on August 25, 2021. (Yonatan Sindel/Flash90/File)
May 15, 2023, 10:55 pm
Knesset Health Committee approves reform of private health insurance market
Changes aim to eliminate duplicate costs for consumers who pay for both commercial policies and premium-level HMO coverage, garnering praise from some activists
By Renee Ghert-Zand
Illustrative image: Israel's Phoenix Holdings Ltd. sells insurance and manages the public's pension and provident funds. (Courtesy)
December 14, 2022, 2:50 pm
Abu Dhabi state fund-backed group to buy NIS 2.3 billion stake in Israel’s Phoenix
Consortium of Emirati funds led by ADQ in talks to acquire 25%-30% of biggest Israeli insurance company from two US private investment firms
By Sharon Wrobel
Climate activists protest against offshore drilling, at the beach in Tel Aviv, on August 13, 2022. (Tomer Neuberg/Flash90)
December 4, 2022, 5:12 am
At least NIS 57.6 billion of Israelis’ pensions invested in fossil fuels — watchdog
Clean Money Forum’s quarterly ranking shows Altschuler Shaham as cleanest, Yellin Lapidot improving but Migdal increasing fossil fuel holdings, despite policy pledge to cut them
By Sue Surkes
A worker cleans off a protest sign on the Golden Bull, a replica of Wall street Charging Bull, outside the Brazilian B3 Stock Exchange in Sao Paulo, Brazil, Wednesday, Nov. 17, 2021. (AP/Andre Penner)
November 23, 2022, 4:30 am
Israeli group helps rank companies on UN sustainability goals for annual prize
YK Center, which advocates for UN’s 17 Sustainable Development Goals, jointly announces awards for top SDG performers among banks, insurance companies, stock exchanges
By Sue Surkes
A child stands on a waste landfill site with a call to save our planet. (Halfpoint, June 12, 2020, iStock bs Getty Images)
October 26, 2022, 12:50 pm
Israel gets set to press firms and investors to come clean on fossil fuels
Following EU lead with launch of list of criteria defining what is green, Israel aims to get finance, business sectors aboard to steer money and activities to fight climate change
By Sue Surkes
Screen capture from video of a woman later arrested as a suspect in the April death of her 65-year-old relative who fell from a roof in Tel Aviv, October 2022. (YouTube. Used in accordance with Clause 27a of the Copyright Law)
October 26, 2022, 9:23 am
Large insurance claim led to sister’s arrest in case of woman who fell from roof
Suspect filed for $1.7m payout, is said to have altered policies near the time her 65-year-old sibling died in April; suspect says she has an alibi, didn’t push victim off the roof
By ToI Staff
Homes are flooded by Lost Creek, Kentucky, July 28, 2022. (Ryan C. Hermens/Lexington Herald-Leader via AP)
August 2, 2022, 5:19 pm
Natural disasters caused global $72 billion loss in first half of 2022 — reinsurer
Figure lower than $91 billion estimate for first six months of 2021, close to 10-year average of $74 billion; weather-induced catastrophes including floods, storms are main causes
By Nathalie OLOF-ORS
Traffic on the Ayalon highway in Tel Aviv, January 20, 2022. (Tomer Neuberg/FLASH90)
June 28, 2022, 10:17 am
Plan approved to cut car commutes by a million a month
NIS 200 million initiative aimed at public sector employees is greenlit as bus drivers strike, seeks to boost public transportation and scrap incentives to own a car
By Sue Surkes
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