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News Brief

September 24, 1998
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Italy’s largest insurance company backed away from an agreement to pay $100 million to families of policy holders who died in the Holocaust. Assicurazioni Generali agreed to pay that money provided Holocaust survivors and their heirs relinquish all claims against the company. But U.S. insurance regulators who have been working to resolve Holocaust-era insurance claims want assurances that the payment does not eliminate Generali’s total liabilities, which some officials believe could reach into the billions of dollars.

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