Sidney Zabludoff

‘Phantom Rule’ May Have Limited Holocaust-Era Awards To Claimants

06/29/2007
Staff Writer
When a commission investigating Holocaust-era life insurance policies ended its work in March after nine years, it boasted that it had awarded more than $300 million to survivors and their heirs. Now, a former commission arbitrator is criticizing the group’s work, alleging that a “phantom rule” was used by some of the dozens of arbitrators, accounting in part for the denial of 84 percent of all claims filed. The arbitrator, Albert B. Lewis, who is also a former New York State insurance superintendent, is calling for a reopening of these cases.
Syndicate content