DIASPORA INSURANCE PAYMENTS

Hurriyet, Turkey
Feb 19 2007

The former head of the Turkish-American Foundation Assembly (ATAA),
Ercument Kilic, has warned that Turkey could face heavy recompensation
payments to Armenia in coming years.

Asserting that Armenia’s aim in backing bills calling for the official
recognition of the so-called Armenian genocide was to receive monetary
recompensation, Kilic noted that certain American insurance firms had
already begun to pay out recompensation to Armenians claiming loss as
a result of genocide, and that these payments would continue. Kilic
maintains that the large insurance firms paying out Armenian
claims even now will later turn to Turkey for recompensation for
their financial losses. Kilic also indicated that applications from
Armenians to web sites such as were
already flowing in, and that the inevitable result would be pressure
by banking and insurance lobbies on Turkey to back these claims.