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More applications submitted in New York Life Insurance case

YEREVAN (YERKIR) – 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. The deadline for submitting application is February 28, 2005. However, individual applications can be submitted to the settlement fund council by March 16, 2005.

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.

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