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The families of Holocaust victims will be paid the real value of their life insurance policies to compensate for post-World War II currency devaluations, officials said Thursday.
The agreement was reached Thursday after a two-day meeting in London of the International Commission on Holocaust Era Insurance Claims.
Former U.S. Secretary of State Lawrence Eagleburger, the commission chairman, said the most difficult issues, including determining the monetary value of the claims, have been resolved.
Many European Jews bought life or property insurance policies to protect their assets in the uncertain days leading up to the war. Thousands of survivors and relatives of those who died claim insurers have refused to honor the policies.
