Three Jews were apparently forced to leave their policy documents in Iraq, or transfer them to state ownership, as a condition for receiving an exit visa from Iraq.
French insurance company AXA (NYSE: AXA; Paris: AXAF) has announced that it will pay $144,000 to three Jews driven out of Iraq in the 1950s. The three Jews had been insured by an Iraqi company acquired by AXA.
The World Jewish Congress, which announced the compensation yesterday, did not explain why the policyholders had not received their money for 50 years. They were apparently forced to leave their policy documents in Iraq, or transfer them to state ownership, as a condition for receiving an exit visa from Iraq.
AXA is a partner in the International Commission on Holocaust Era Insurance Claims (ICHEIC).
Published by Globes [online] - www.globes.co.il - on April 20, 2004