Holocaust Survivors To Get Checks
LOS ANGELES (AP) _ Holocaust survivors and their families should begin receiving settlements on unpaid insurance claims by this fall, the chairman of an international commission says.
``We will not be successful until we have begun to pay some claims,″ said former Secretary of State Lawrence Eagleburger, who heads the International Commission on the Holocaust Era.
The commission hopes to establish procedures by the end of May about how to identify and pay claims on insurance policies issued to Holocaust survivors or the heirs of people killed by the Nazis during World War II, the Los Angeles Times reported Wednesday.
Many European Jews purchased life or property insurance policies in an effort to protect their assets in the uncertain days leading up to the war.
Six European insurance companies _ Assicurazioni Generali of Italy, Allianz of Germany, AXA of France, Winterthur, Baseler and Zurich of Switzerland _ belong to the commission, charged with resolving unpaid insurance claims by Holocaust victims.
Eagleburger said the companies set up a $100 million fund. Of that, $90 million will be used to pay apparently valid claims that cannot be substantiated because records were destroyed.
The other $10 million will go toward operating expenses.