CALIF. COMMISSIONER DELIVERS ARMENIAN GENOCIDE SETTLEMENT CHECKS:

February 7, 2005

California Insurance Commissioner John Garamendi helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly 90 years ago. The Commissioner played an instrumental role during the final negotiations leading to the agreement with New York Life Insurance Company. The five organizations receiving checks for $333,333 each were: the Armenian Church of North America Eastern Diocese (New York), Prelacy of the Armenian Apostolic Church Eastern U.S. and Canada (New York), Armenian Apostolic Catholic Exarchate for Armenian Catholics in the U.S. and Canada (New York), Armenian Missionary Association of America Inc. (Paramus, New Jersey) and the Armenian General Benevolent Union (New York). Four other Armenian organizations in California will also receive $333,333 each, including: Armenian Church of North America Western Diocese (Burbank, Calif.), Western Prelacy of the Armenian Apostolic Church (Los Angeles), and Armenian Educational Foundation (Glendale, Calif.). The Armenian Relief Society, United States Chapter of Watertown, Mass. will also receive an equal portion of the proceeds.

Topics USA New York Church

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Insurance Journal Magazine February 7, 2005
February 7, 2005
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