HEIRS OF THE CLIENTS OF SEVERAL INSURANCE COMPANIES FUNCTIONING AT THE BEGINNING OF THE PASSED CENTURY AT THE TERRITORY OF OTTOMAN EMPIRE WILL BE ABLE TO GET MONEY COMPENSATION

arminfo
2007-08-31 16:22:00

ArmInfo.Ninety years later heirs of the clients of several insurance
companies functioning at the beginning of the passed century at the
territory of Ottoman empire will be able to get money compensation by
the deposits of their forefathers, director of the juridical company
"Vardges Egiyan", Arman Bagdoyan, said at the press-conference, Friday.

He also added that the total sum of compensation, that should be
repaid by New York Life insurance company amounts to $11.5 mln,
about $8 mln out of which has been already repaid. Bagdoyan said
that compensation for the non-cash deposits will be transmitted to
the accounts of the Armenian charitable organizations. A total of
1254 people from Armenia applied to get compensation and at present
more than $3,5 mln were repaid to them. Then comes the USA – 896
applications and $2.6 mln repaid; France – 141 applications and $656
thsd repaid, etc. He also said that money compensation will be also
repaid to the heirs of the deposits insured by L’union Vie, Caisse
Paternelle and La Confiance companies,legal successor of which
is AXA. One can have the detailed information from the web site
Bagdoyan said that Armenian
Justice Ministry is ready to assist the heirs of the deposits.