ABSTRACT

Holocaust-Era Insurance Claims: Background and Proposed Legislation [Updated July 21, 2008]   [open pdf - 264KB]

From the Summary: "In November 1998, U.S. insurance regulators, six European insurers, international Jewish organizations, and the State of Israel agreed to establish the International Commission on Holocaust Era Insurance Claims (ICHEIC). ICHEIC was tasked with identifying policyholders and administering payment of hundreds of thousands of Holocaust-era insurance policies alleged never to have been honored by European insurance companies. It ended its claims process in March 2007, having facilitated the payment of just over $300 million to 47,353 claimants. An additional $190 million was allocated to a 'humanitarian fund' for Holocaust survivors and Holocaust education and remembrance. Throughout its existence, ICHEIC was criticized, including by some Members of Congress, for delays in its claims process, for conducting its activities with a lack of transparency, and for allegedly honoring an inadequate number of claims. […] Critics of the bill, including the Bush Administration, argue that the public disclosure requirement would violate individual privacy rights statutorily mandated in European countries, and that a federal cause of action would both preempt standing executive agreements between the United States and some European countries, and enable costly, but likely fruitless, litigation. This report aims to inform consideration of H.R. 1746 and possible alternatives by providing: background on Holocaust-era compensation and restitution issues; an overview of ICHEIC, including criticism and support of its claims process and Administration policy on ICHEIC; and an overview of litigation on Holocaust-era insurance claims and the proposed legislation. It will be updated as events warrant."

Report Number:
CRS Report for Congress, RL34348
Author:
Publisher:
Date:
2008-07-21
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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