Holocaust insurance claims top $300 million

The International Commission on Holocaust Era Insurance Claims concluded its claims processes. More than $300 million in awards were distributed to more than 48,000 Holocaust survivors and their heirs.

The ICHEIC was established in 1998 by the National Association of Insurance Commissioners with European insurers, governments, Holocaust organizations, and Israel to ensure payment of valid insurance claims.

“In point of fact, we will never be able to make true reparation for the horror or misery they endured, but we can and have held insurance companies responsible to pay for the promise of protection offered by Holocaust-era insurance policies,” said ICHEIC Vice Chairman Diane Koken.

ICHEIC conducted an archival matching process that resulted in offers to 8,000 claimants, totaling nearly $100 million on claims that originally did not name an insurance company. ICHEIC also paid $30 million for claims on policies written by companies nationalized or liquidated after World War II and for which no present-day successor could be identified. ICHEIC extended an additional 31,000 humanitarian awards totaling $31 million on eligible undocumented claims that contained anecdotal information regarding insurance but could not be matched against company records. For more information, visit www.icheic.org.

Topics Claims