US House panel endorses Holocaust insurance measure

October 23, 2007 22:30

A US House of Representatives' panel endorsed legislation Tuesday that would require insurance companies to disclose information on Holocaust-era policy holders. The legislation aims to address concerns among some survivors that payment by the International Commission on Holocaust Era Insurance Claims did not address all outstanding claims. The measure approved by the House Foreign Affairs Committee Tuesday would allow survivors or their heirs to sue foreign companies in US courts to recover payments on claims. The legislation's prospects are uncertain. It would have to be approved by the full House as well as the Senate and signed by the president to become law.

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