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News Brief

August 6, 1999
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The chairman of an international commission working to resolve Holocaust-era insurance claims decided that policies issued by the German insurer Allianz will be paid out at about 10 times their prewar face value. Lawrence Eagleburger, a former U.S. secretary of state, made the decision Thursday after the commission was unable to agree on a valuation formula. Other European insurance companies have balked at the formula.

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