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ANKARA: Insurance Firm To Pay Out On Ottoman Armenian Policies

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  • ANKARA: Insurance Firm To Pay Out On Ottoman Armenian Policies

    INSURANCE FIRM TO PAY OUT ON OTTOMAN ARMENIAN POLICIES

    NTV MSNBC, Turkey
    Oct 13 2005

    The French insurance company Axa on Thursday agreed to pay $17
    million to settle a case brought by the descendants of Armenian policy
    holders the claimants say were killed during the First World War by
    the Ottoman Empire.

    Guncelleme: 10:31 ET 13 Ekim 2005 PeršembeLOS ANGELES - Turkey has
    strenuously rejected suggestions that the Ottoman Empire carried out
    a policy of genocide against its Armenian citizens.

    Under the settlement, Axa is to pay at least $3.0 million to a
    number of Armenian charitable groups based in France, with another
    $11 million set aside for the descendants of the original policy
    holders of insurance policies with companies that were subsidiaries
    of Axa operating in the Ottoman Empire in 1915. Many of the claims
    were never met.

    Some Armenians claim that up to 1.5 Armenian Ottoman citizens were
    killed in 1915 and in the years following in what they describe as
    a deliberate act of genocide.

    Turkey denies that there was any policy of mass killings, though
    does acknowledge that some 300,000 Armenians and many Ottoman Turkish
    citizens died during the conflict of the First World War.

    --Boundary_(ID_xrnvX+M9pfKE0MQigA3x8g)--
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