Watch Today: Allianz Stole Premiums from Concentration Camp Victims

On Friday afternoon, February 15, at 5 pm Eastern Time, Huffington Post Live will have a program on the Holocaust insurance issue. Holocaust Survivor Foundation (HSF) leaders Leo Rechter and Ivar Segalowitz will be live in the NYC studio with the moderator, and eminent historian Edwin Black, author of IBM and the Holocaust, will participate, as will our attorney, Sam Dubbin.

The way to watch the program is to click on the Huffington Post Live website, http://live.huffingtonpost.com.

This is an extremely important program because the entire premise of Huffington Post Live is to combine news content such as the reports about HSF’s demonstrations against Allianz this past weekend, with internet and social media, to galvanize public policy discussions and action.

The Program will feature many of the factual and historical materials that HSF has relied on in advocating for a complete accounting by Allianz and other insurers such as Generali of their Holocaust-related insurance policies and actions. In addition, it will provide the audience with the new on-line petition on Change.org that HSF has created, which can be found here.

It is vital that you make sure everyone on your email list, your friends, family, and colleagues watch this segment Friday afternoon and participate. It will be equally important for you to urge them to sign the petition and circulate it to as many people as they can.  WHY?

This is legislation that Renee and Klaire Firestone have been in the forefront of for many years. Renee testified twice before Congress, once at the House Committee on Foreign Affairs and once in the Senate’s same committee.

In the years leading up to the Holocaust, victims of Nazi persecution tried to protect their assets and families’ futures by buying life, annuity, dowry, and other forms of insurance from companies such as Allianz of Germany, and Generali of Italy. Allianz is particularly notorious as it was closely linked to the Nazi regime. Its chairman Kurt Schmitt became Hitler’s Minister of Economics, and Allianz also insured SS factories, motor pools, barracks, and death camps, including Auschwitz. This was at the same time Allianz was insuring the lives of the Jewish inmates of those camps. After World War II, Allianz stonewalled survivors and heirs by denying their right to redeem their policies, demanding death certificates, and demanding original policies. By withholding these payments, Allianz became the one of the five largest insurance companies in the world. Customers doing business with Allianz or its subsidiaries such as Firemans Fund and Pimco, are benefitting from Allianz’s Holocaust profiteering.

Today, Allianz owed Holocaust survivors and heirs more than $2 billion.

3 thoughts on “Watch Today: Allianz Stole Premiums from Concentration Camp Victims

  1. gpabm3 says:

    While the culprit is Allianz and many other firms, it should remembered that Schmitt was in power for a little better than a year (1934-1935), before having a heart attack and being relieved of his ministerial position. He did serve on Allianz’ Board until 1945 before going through four years of “denazification” and was stripped of all ability to have any office or professional status. He died in 1950.

    That insurance companies and other institutions within and beyond Nazi Germany profited from plundering of the Jews is irrefutable. Whether or not the survivors can present valid claims remains to be seen.

    We all know that insurance companies are in business to collect premiums, not to pay benefits.

  2. TaxMama says:

    Hi Marvin,

    I couldn’t believe it when I read about it this morning.
    Our government obviously knows about this.
    Renee and Klaire have been talking to Congress for quite some time.
    They are surely not alone.

    Hopefully, now that it’s out here in the public eye…changes will be made.
    Or restitution will be paid.

    What a monster!

  3. MARVIN DIAMOND says:

    I FEEL REALY BAD. I KNEW NOTHING OF THIS COMPANY AND HAVE SEVERAL POLICIES I PURCHASED THROUGH A BROKER A FEW YEARS AGO. ANNUITIES AND IT WILL BE VERY COSTLY TO CASH THEM IN. IS THERE ANY REASON WHY THIS COMPANY IS ALLOWED TO DO BUSINESS IN AMERICA WITHOUT TELLING US OF ITS BACKGROUND?

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