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More Applications Submitted In New York Life Insurance Case
New York Life has made the first payment in a 20 (m) million dollar settlement the insurer reached last year with victims of the 1915 Armenian genocide. At a ceremony in New York, the company gave three (m) million dollars, split evenly among nine Armenian charities. The settlement comes from more than two-thousand insurance policies the company wrote but never paid. More than a (m) million people died in the mass killings. Whole families were wiped out. Some victims left heirs who knew nothing of the insurance policies.
214 more claims - the second group of claims - by the heirs of the Armenian Genocide victims who had been insured by the New York Life Insurance company before the 1915 Genocide, were sent for consideration to the relevant commission, Armenpress reported, citing the Ministry of Justice.
Several thousand people have so far submitted applications to the working group established at the Ministry of Justice.
Under the settlement, the New York Life Insurance company has agreed to pay about $11 mil. to the heirs of the Armenian Genocide victims who held the company's insurance policies and perished during the years of the Genocide. The company's list includes 2,300 names.
The deadline for submitting application is February 28, 2005. However, individual applications can be submitted to the settlement fund council by March 16, 2005.
New York Life has made the first payment in a 20 (m) million dollar settlement the insurer reached last year with victims of the 1915 Armenian genocide. At a ceremony in New York, the company gave three (m) million dollars, split evenly among nine Armenian charities. The settlement comes from more than two-thousand insurance policies the company wrote but never paid. More than a (m) million people died in the mass killings. Whole families were wiped out. Some victims left heirs who knew nothing of the insurance policies.
214 more claims - the second group of claims - by the heirs of the Armenian Genocide victims who had been insured by the New York Life Insurance company before the 1915 Genocide, were sent for consideration to the relevant commission, Armenpress reported, citing the Ministry of Justice.
Several thousand people have so far submitted applications to the working group established at the Ministry of Justice.
Under the settlement, the New York Life Insurance company has agreed to pay about $11 mil. to the heirs of the Armenian Genocide victims who held the company's insurance policies and perished during the years of the Genocide. The company's list includes 2,300 names.
The deadline for submitting application is February 28, 2005. However, individual applications can be submitted to the settlement fund council by March 16, 2005.