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News Brief

August 27, 1998
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Jewish leaders cautioned that it could take years before Holocaust survivors see payments from an agreement signed by four European insurance companies. Some advocates for the survivors criticized the agreement, which calls in part for the creation of an international commission to probe survivors’ claims against the firms, as insufficient for the aging survivor population. The companies signing the agreement included Germany’s leading insurer, Allianz Holding; France’s AXA Group; and the Winterthur and Basel insurance firms in Switzerland. The commission will begin its work in two months, according to a U.S. official involved in forging the agreement.

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