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News Brief

August 21, 1998
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A German insurance firm will soon reach a settlement of unpaid claims from the Holocaust era, said a company spokesman. The announcement from Allianz came as Italy’s largest insurance firm, Assicurazioni Generali, agreed to pay $100 million as part of a settlement of a class-action lawsuit filed by Holocaust survivors. Generali’s settlement involves opening its records, which could disclose important information about the wartime activities of other European insurers. Meanwhile, several Swiss insurance firms said they would resist a settlement.

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