Armenian Genocide Descendants to Receive Compensation from AXA
Insurance Company

Tert.am
15:35 – 30.01.10

Over a two-week period beginning on January 31, nearly 1,000
descendants and victims of the Armenian Genocide will receive
compensation for life insurance claims filed before WWI from AXA
insurance company

Well-known Armenian-American attorney Vartkes Yeghian, in speaking
with European magazine `Days,’ said that more than 12,000 court
actions have been denied and all those who filed lawsuits will receive
notice.

In 2007, AXA agreed to pay a lump sum of 17.5 million USD, 11 million
of which were to be split among the descendants, 3 million to
humanitarian organizations (the Armenian General Benevolent Union, the
Blue Cross and the French-Armenian Fund), while the rest went to the
lawyers.