Holocaust Compensation Totals $8 Billion
By WILLIAM C. MANN – 1 day ago

WASHINGTON (AP) — The U.S. diplomat seeking compensation and restitution for Holocaust survivors and descendants of victims said Wednesday that cash payments have reached $8 billion, and negotiations are under way for more.

It is “imperfect justice,” Ambassador Christian Kennedy told a House Foreign Affairs subcommittee, but far better than might have been available had the United States not intervened in class action lawsuits against foreign banks and insurance companies in the 1990s.

Holocaust survivors who testified after Kennedy complained about life insurance and other policies held by Holocaust victims that have been ignored by European insurance companies and the lack of compensation for property seized by the Nazis or the communist governments that followed them in Eastern and Central Europe.