
APA's US bureau reports that the
“Prior to 1915, New York Life sold life insurance policies to thousands of Greeks living in the Ottoman Empire. Countless Greek policyholders were among the hundreds of thousands of Greeks who perished in the first Genocide of the twentieth century. In the ensuing chaos, many of the rightful heirs were unable to produce the documentation required to claim the insurance proceeds while others were unaware that they were entitled to any insurance benefits. In 2004, a class action settlement of $20 million which involved 2,300 Armenian New York Life policyholders with unpaid claims was awarded to the descendents of the victims massacred in the Armenian Genocide of 1915,” Geragos & Geragos noted in the special webpage launched for this purpose.
This is not the first campaign launched by the US Armenian community to damage Turkey“s image. Earlier, California State Assembly member of Armenian descent Paul Krekorian presented a bill “Justice for Genocide Victims” and wanted prohibition of investments in Turkey and other states that committed “genocide.”
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