Of the 909 claims presented to the International Commission on Holocaust Era Insurance Claims, 124 have been settled, 393 have been rejected and the remaining 392 are still pending, the L.A. Times reported today.
Participation in the commission, established in 1998, is voluntary. Consumer advocates, including Washington state Insurance Commissioner Deborah Senn, are “seriously concerned” with the process.
However, the insurers, which include Allianz, Assicurazioni Generali, Axa, Winterthur and Zurich, maintain that they are paying only valid claims, and those with rejected claims should “theoretically be taken care of” through a separate humanitarian fund administered by the commission.
Topics Claims
Was this article valuable?
Here are more articles you may enjoy.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
World’s Growing Civil Unrest Has an Insurance Sting 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
