New York State
Insurance Department


ISSUED: August 10, 1999

FOR IMMEDIATE RELEASE

MEDIA ADVISORY

STATEMENT BY SUPERINTENDENT OF INSURANCE NEIL D. LEVIN REGARDING HOLOCAUST COMMISSION DECISIONS

Chairman Eagleburger's valuation formula is a fair and reasonable resolution to the complex problems facing the Commission. As a solution could not be reached through negotiations, Chairman Eagleburger stepped in and developed various solutions to several unresolved issues, which attempt to balance all of the important interests. More importantly, all of his decisions will allow us to move forward to expeditiously to make payments to survivors and their families.


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