Op-Ed:Crafting a Holocaust insurance solution that works
By Menachem Z. Rosensaft, Vice president of the American Gathering of Jewish Holocaust Survivors and Their Descendants.
There is a solution to get us beyond the seemingly endless stalemates and complications that continue to characterize the ongoing debate over Holocaust-era insurance claims. And I do not believe it can be found in the well-intentioned bill before the U.S. Congress.
This different approach will put money more quickly into the community of the survivors and their families, minimize huge financial rewards for certain lawyers, and help bring closure to this extremely painful process.
I propose that the relevant insurance companies agree to the appointment — at their expense — of an independent monitor who could determine whether all potentially valid but as yet unresolved Holocaust-era claims are being honestly processed under the relaxed standards of the International Commission on Holocaust Era Insurance Claims, or ICHEIC.
Some history of how we arrived at this point is in order.
For more than 50 years after the end of World War II, many German and other European insurance companies refused to honor life insurance policies that they or their predecessors had sold to Jews who eventually perished in the Holocaust.