Jewish groups and European insurers agreed Thursday that unpaid policies dating back to the Holocaust era should have interest and present-day currency values factored in when the policies are paid. As a result, a policy worth $3,000 when it was taken out could be worth as much today as $100,000. The International Commission on Holocaust Era Insurance Claims, which hammered out the agreement during a two-day meeting in London, will now work out a method to valuate policies and begin establishing a claims process.
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