View this article online: https://www.insurancejournal.com/news/west/2001/05/21/15312.htm
According to information obtained by the Los Angeles Times, internal memorandums from the International Commission on Holocaust Era Insurance Claims (ICHEIC), created in 1998 U.S. and European insurance regulators to resolve Holocaust-era insurance disputes, reveal a cognizance on the part of certain commission officials that certain of its practices are coming under scrutiny.
An AP report revealed that of the $30 million spent by the commission over the past few years, only $3 million was distributed to claimants. The vast majority of the money was reportedly used for such things as salaries, hotel bills and newspaper ads. The LA Times information also revealed up to 100 participants attended about 18 commission meetings at hotels in London, Jerusalem, Rome, Washington and New York.
In an interview with the paper, Commission President Lawrence S. Eagleburger stated that he would readily admit the amounts thus far paid to claimants were by no means as high as they should be.
It was also reported that in a separate but related development, the House of Representatives recently approved an amendment to the State Department budget providing the department will review the commission’s claims.