New York State
Insurance Department


ISSUED: 2/15/2000

FOR IMMEDIATE RELEASE


LEVIN ANNOUNCES LAUNCH OF WORLDWIDE OUTREACH FOR
HOLOCAUST SURVIVORS AND THEIR FAMILIES
70 Offers Totaling $500,000 Have Already Been Made to
New York Area Survivors

          Superintendent of Insurance Neil D. Levin today announced that the International Commission on Holocaust Era Insurance Claims’ (ICHIEC) worldwide outreach effort to help claimants resolve unpaid Holocaust-era claims is officially underway. Chairman Lawrence S. Eagleburger made the official announcement today in Washington, D.C. and outlined the procedure for ICHIEC’s comprehensive outreach effort to identify potential claimants and to resolve unpaid insurance claims.

          "Now that the official process is underway, claimants throughout the world will finally have their claims investigated and paid," said Levin, one of three state regulators serving on the Commission. Levin also played an integral role in the original planning and establishment of the Commission. "Chairman Eagleburger is to be commended for streamlining the claims process and for launching this coordinated outreach effort to reach as many survivors as possible."

          In New York, more than 70 offers totaling $500,000 have been made to Holocaust survivors. The 70 offers are for claimants that had written proof of their claims.

          ICHEIC unveiled the following as part of the outreach process:

  • Insurance companies that have joined the ICHEIC include Allianz AG, AXA, Generali, Winterthur Leben, Zurich Financial Services and their subsidiaries.

  • Participating insurance companies have agreed to relaxed standards of proof in order to address the complexity of the claims.

  • An independent auditing process has been established to review relevant records and archives.

  • Claims relating to policies issued by insurance companies that are not part of ICHEIC will be forwarded to those companies for review with the request that they honor those claims in accordance with ICHEIC standards.

  • A separate Humanitarian Fund, established by ICHEIC, will address claims for policies issued by companies no longer in existence.

  • ICHEIC is launching an aggressive, global effort to inform and assist potential claimants which will include paid advertising, press conferences and other media activities in 70 countries, as well as work through Jewish religious, social and cultural organizations.

          Individuals who believe they may have unpaid insurance claims should write to the International Commission, PO Box 1163, Wall Street Station, New York, NY 10268, or visit the ICHEIC Web site at www.icheic.org to receive complete information on the claims process and a claim form or call 1-800-957-3203.

          The ICHEIC was established in October 1998 by the National Association of Insurance Commissioners (NAIC) in conjunction with several European insurance companies, European regulators, representatives of several Jewish organizations, and the State of Israel. The Commission is charged with establishing a just process that will expeditiously address the unpaid insurance policies issued to victims of the Holocaust.
 


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