New York State
Insurance Department


LEVIN LAUDS PROGRESS IN CLAIMS RESOLUTION PROCESS
FOR NEW YORK’S HOLOCAUST SURVIVORS AND THEIR HEIRS

June 25, 1999

        Superintendent of Insurance Neil D. Levin today lauded the progress that was made at this week’s meeting of the International Holocaust Commission in Jerusalem – calling the meeting another milestone in the state’s efforts to resolve insurance claims for New York Holocaust survivors and their heirs.

        Levin, one of three state insurance regulators serving on the International Commission, said, "We have reached yet another milestone in our efforts to resolve claims. Significant progress has been made this week at the meeting in Jerusalem, and we are now prepared to pave the way for the claims handling process to begin." Levin also serves as Co-Chair of the Claims Resolution Working Group.

        At the Jerusalem meeting, European insurers agreed to pay Yad Vashem to process the unpaid insurance claims against Assicurazioni Generali, which gave the Commission a list of 100,000 policies the company had in force in 1938. The insurers also agreed to resolve all remaining decisions regarding claims processing within the next two weeks.

        In addition to the progress being made on the international level, Levin said that the New York State Holocaust Claims Processing Office has turned over a list of New York’s claims to the International Commission as part of the fast track claims process. The insurance companies are placing insurance claims that have been proven valid on a fast track and Levin anticipates payment on those claims shortly.

        "We are doing everything in our power to deliver real justice to Holocaust survivors and their heirs, and to get as many New York claims on the fast track as possible," said Levin, who also participated in valuation meetings last week in Paris.


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