International Commission on Holocaust Era Insurance Claims
Encyclopedia
The International Commission on Holocaust Era Insurance Claims (ICHEIC) was established by the National Association of Insurance Commissioners in August 1998 to identify, settle, and pay individual Holocaust era insurance claims at no cost to claimants.
ICHEIC was established in 1998 following negotiations between representatives of international Jewish and survivor organizations, the State of Israel, European insurance companies and U.S. insurance regulators. The result of the negotiations, a Memorandum of Understanding ("MOU"), was signed on August 25, 1998, by several European insurance companies.
This organization headed off the need for legislation in several U.S. states that would provide compensation for such victims. However, New York, California and Florida each passed legislation entitling survivors to compensation prior to its organization. In New York, senator Guy Velella
, sponsored such legislation and hearings with insurance archeology specialists
were held to prove victims were denied such claims.
The International Commission on Holocaust Era Insurance Claims ceased accepting claim forms/applications from Holocaust survivors on March 31, 2004. According to the ICHEIC website, all timely filed claims received a final decision through the ICHEIC process by December 2006.
ICHEIC was established in 1998 following negotiations between representatives of international Jewish and survivor organizations, the State of Israel, European insurance companies and U.S. insurance regulators. The result of the negotiations, a Memorandum of Understanding ("MOU"), was signed on August 25, 1998, by several European insurance companies.
This organization headed off the need for legislation in several U.S. states that would provide compensation for such victims. However, New York, California and Florida each passed legislation entitling survivors to compensation prior to its organization. In New York, senator Guy Velella
Guy Velella
Guy John Velella was a Republican New York State Senator from The Bronx.A political leader, state assemblyman, and state senator for over 30 years, Velella was indicted in 2002 with 25 counts of bribery and conspiracy for allegedly accepting at least $137,000 in exchange for steering public-works...
, sponsored such legislation and hearings with insurance archeology specialists
Risk International
-Company Overview:Founded in 1986, Risk International is a risk management consulting firm. It services clients in the areas of outsourced risk management, claims recovery, insurance archaeology, loss prevention and mitigation...
were held to prove victims were denied such claims.
The International Commission on Holocaust Era Insurance Claims ceased accepting claim forms/applications from Holocaust survivors on March 31, 2004. According to the ICHEIC website, all timely filed claims received a final decision through the ICHEIC process by December 2006.
See also
- Claims ConferenceClaims ConferenceThe Conference on Jewish Material Claims Against Germany, or Claims Conference, represents world Jewry in negotiating for compensation and restitution for victims of Nazi persecution and their heirs...
- Reparations Agreement between Israel and West GermanyReparations Agreement between Israel and West GermanyThe Reparations Agreement between Israel and West Germany was signed on September 10, 1952, and entered in force on March 27, 1953...
- World Jewish CongressWorld Jewish CongressThe World Jewish Congress was founded in Geneva, Switzerland, in August 1936 as an international federation of Jewish communities and organizations...