Accident is a wake-up call for Israeli insurers

Insurers of Israeli risks have been given a wake-up call by the recent accident at a Tel-Aviv wedding, according to Risk Management Solutions earthquake expert Gordon Woo. Last week the floor of the Versailles Banqueting Hall in Talpyot, Jerusalem collapsed at a wedding party, killing 23 people and injuring 300. Initial investigations suggest the collapse was the result of shoddy construction methods and illegal alterations.