News Brief

Four European insurance companies signed an agreement that will eventually provide millions of dollars in compensation to Holocaust survivors. The companies signing the memo included Germany’s leading insurer, Allianz Holding; France’s AXA Group; and the Winterthur and Basel insurance firms in Switzerland. The agreement comes one week after Italy’s largest insurer, Assicurazioni Generali, signed the same memorandum of understanding and agreed to pay $100 million to settle Holocaust-era claims.

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