Surviving beneficiaries have faced a decades-long battle for payments for their murdered relatives. Holocaust survivors have been battling with life insurance companies for years – and sometimes decades – to receive life insurance payouts from policies for which they were beneficiaries. Family members of people murdered by Nazis are seeking payment from the coverage they had on the victims. Holocaust survivors are running out of time in their efforts to recover insurance policies that Nazi-era companies refused to honor. According to the Holocaust Survivors’ Foundation USA, the sum total of…
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Holocaust Insurance Act in the United States opposed by many Dutch insurers
Several companies are currently lobbying against the passing of the law in American Congress. A number of Dutch insurers have been fervently and determinedly lobbying U.S. Congress in order to discourage them from passing the Holocaust Insurance Accountability Act. According to recent reports, some of the largest insurers have joined together in this effort. The Dutch companies that are working together include ING, Aegon, and the Dutch Association of Insurers, among others. According to De Telegraaf, a daily newspaper in Amsterdam, they have “lobbied jointly dozens of times” against a…
Read MoreHolocaust survivors make insurance news with call for legislation
Unpaid life policy payments still sought by surviving family members. Chairman of the House Committee on Foreign Affairs, U.S. Rep. Ileana Ros-Lehtinen (R-FL) and Congressman Ted Deutch (D-FL), together held a press conference regarding poignant insurance news, in order to hold a discussion regarding the H.R. 890, the Tom Lantos Justice for Holocaust Survivors Act. They were joined by a number of people who shared their firsthand experiences about the Holocaust. These individuals took the time to express their traumatic and disturbing (to say the least) accounts of this shameful…
Read MoreHolocaust survivors may soon sue European insurers due to a new House bill’s approval
A House panel pushed legislation ahead on Wednesday to give thousands of Holocaust survivors the right to sue European insurers for insurance benefits that are estimated to total approximately $20 billion. The bill was approved by Foreign Affairs Committee voice vote, allowing the aging Holocaust survivors living in the United States the access they need to American courts in order to force certain insurance companies – such as Assicurazioni Generali in Italy, and Allianz SE in Germany – to have to disclose their pre-World War II policy lists for the…
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