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January 09, 2008 at 05:27 AM
A federal judge has issued a final order and judgment involving claims brought on behalf of the customers, beneficiaries and heirs of Holocaust victims who once owned insurance policies from Assicurazioni Generali S.p.A.
In the documents, U.S. District Judge George Daniels rejects challenges to a settlement agreement negotiated between Generali, Trieste, and representatives for members of the settlement class.
Generali has agreed through the settlement to pay $35 million more to supplement an existing Holocaust-era policy settlement fund that was administered by the International Commission on Holocaust Era Insurance Claims, Washington.
Generali previously had paid $100 million to the fund. Most of the money went to the heirs and other survivors of Jewish victims of the Holocaust.
Daniels first approved the new, $35 million settlement agreement in early 2007.
