Make your own free website on Tripod.com



The "Farmers Insurance News-Alert" website is dedicated to providing the consumer and general public with detailed information concerning the Farmers Insurance Group. This includes fraud reports, consumer complaints, lawsuit's and other legal actions taken against this company. All information contained herein is for educational purposes only. Original sources, when known are sited.

 

On September 29, 1998, Governor Pete Wilson signed Senate Bill 1530 (Hayden) to strengthen California's resolve in bringing insurers who fail to pay legitimate Holocaust era insurance claims to justice. SB 1530 states:

"If an insurer fails to pay any valid claim from Holocaust survivors,

the certificate of authority of the insurer shall be suspended until

the claim is paid."

Holocaust Victims Insurance Act

This Act, approved on [insert date], requires insurance companies, and their affiliates, admitted in California to:

  • Establish a toll free number to assist claimants with Holocaust era claims;
  • Actively investigate Holocaust era claims reported to the company;
  • Report the status of all Holocaust era claims to the CDI;
  • Penalizes non-compliant companies with fines of $1,000 per day; and
  • Revokes the statute of limitations with respect to Holocaust era insurance claims.

Federal

Act Status Intent
Holocaust Victims Redress Act Passed by Congress
  • Authorizes up to $25 million over next 3 years to benefit Holocaust survivors
  • Authorizes up to $5 million for research to assist in restitution
  • Commits Congress to seeking appropriate means to address the issue of restitution
Holocaust Victims Insurance Act Introduced on 1/28/98
  • Would implement reporting requirements for certain insurance companies, and require payment to Holocaust survivors
Comprehensive Holocaust Accountability Insurance Measure (CHAIM) Introduced on 2/3/98
  • Would prohibit 16 foreign insurance companies and their American subsidiaries from doing business in the U.S. unless they disclose certain information

 

Attention! All information contained herein is for educational purposes only. No copyright infringement is intended by any material on these pages. The copyrights of the whole multimedia content on these pages are belonging to their originators, authors, creators... etc. All original content is the property of it's originators. Copyrighted material has been used for non-commercial purposes only. This website is best viewed with your monitor resolution set to 800x600 and your video mode set to true color.