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Bill to reclaim Holocaust-era unpaid insurance policies

Bill to reclaim Holocaust-era unpaid insurance policies

April 23, 2021
(JNS) Legislation brought forth in the U.S. Congress on Tuesday would allow insurance beneficiaries to recover billions in unclaimed payments from World War II.
The Holocaust Insurance Accountability Act of 2021 was re-introduced by Rep. Debbie Wasserman Schultz (D-Fla.) and Sen. Marco Rubio (R-Fla.), along with its original co-sponsors, who include Sens. Jacky Rosen (D-Nev.) and Rick Scott (R-Fla.), and Reps. John Garamendi (Calif.), David Kustoff (Tenn.) and Lee Zeldin (N.Y.).
According to a statement announcing the legislation, 97 percent of the approximately 800,000 insurance policies held in 1938 were never honored “due to federal court rulings and a failure by insurance companies to adequately publish the names of recipients and pay these claims.” Following World War II, insurers also demanded to see death certificates and original policy paperwork, which was nearly impossible ....

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Sen. Rubio, Bipartisan Colleagues Reintroduce Legislation to Restore Holocaust Survivors' Rights

Joni Ernst (R-IA), and
Kevin Cramer (R-ND) introduced the Holocaust Insurance Accountability Act . The legislation would allow beneficiaries of Holocaust-era insurance policies to bring civil action in U.S. district courts against the insurer for the covered policy to recover proceeds due or otherwise enforce any rights under the policy. Representative
Debbie Wasserman Schultz (D-FL) introduced companion legislation in the
U.S. House of Representatives.
Most recently, Rubio reintroduced the Holocaust Insurance Accountability Act in the 116th Congess. Rubio previously introduced the legislation in the 112th, 114th, and 115th
Congress with former Senator
Bill Nelson (D-FL).
The Holocaust remains humanity s darkest hour, leaving a permanent stain on history for all nations, Rubio said. ....

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Sen. Cramer, Colleagues Introduce Bipartisan Bill to Restore Holocaust Survivors' Rights

U.S. Senator
Kevin Cramer (R-ND) joined Senator
Marco Rubio (R-FL) in introducing the Holocaust Insurance Accountability Act, bipartisan legislation to allow beneficiaries of Holocaust-era insurance policies to bring civil action in U.S. district courts against the insurer for the covered policy to recover proceeds due or otherwise enforce any rights under the policy.
Holocaust survivors endured one of the darkest moments in the history of the world. Insurers have no business profiting off of their pain and hardship, said
Senator Cramer. Our bill gives survivors and their beneficiaries a way to receive the money they are owed.
More than 70 years later, some Holocaust survivors have not been paid money have been owed. According to the ....

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Rep. Wasserman Schultz, Sen. Rubio: Restore Rights of Holocaust-Era Insurance Policy Beneficiaries

Rep. Wasserman Schultz, Sen. Rubio: Restore Rights of Holocaust-Era Insurance Policy Beneficiaries
Targeted News Service (Press Releases)
WASHINGTON,
April 13, 2021:
U.S. Sen.
Marco Rubio (R-FL)reintroduced bipartisan legislation today to restore the rights of Holocaust-era insurance beneficiaries in recovering billions in unclaimed payments that were left behind amid the chaos and destruction of World War II.
Due to federal court rulings and a failure by insurance companies to adequately publish the names of recipients and pay these claims, 97 percent of the approximately 800,000 policies held in 1938 have yet to be honored. The insurers demand that death certificates and original policy paperwork be produced was all-but impossible for many of those families who, at the time, had just survived death camps, experienced forced relocations, torture, and death marches. ....

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Bipartisan bill proposed to reclaim Holocaust-era unpaid insurance policies

Bipartisan bill proposed to reclaim Holocaust-era unpaid insurance policies
Bipartisan bill proposed to reclaim Holocaust-era unpaid insurance policies
Some 97 percent of an estimated 800,000 policies held in 1938 were never honored “due to federal court rulings and a failure by insurance companies to adequately publish names of recipients and pay claims.”
The U.S. Capitol building. Credit: Tupungato/Shutterstock.
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(April 14, 2021 / JNS) Legislation brought forth in the U.S. Congress on Tuesday would allow insurance beneficiaries to recover billions in unclaimed payments from World War II.
The Holocaust Insurance Accountability Act of 2021 was re-introduced by Rep. Debbie Wasserman Schultz (D-Fla.) and Sen. Marco Rubio (R-Fla.), along with its original co-sponsors, who include Sens. Jacky Rosen (D-Nev.) and Rick Scott (R-Fla.), and Reps. John Garamendi (Calif.), David Kustoff (Tenn.) and Lee Zeldin (N.Y.). ....

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