For some quick background, the insurance giant New York Life was taken to court in 1999 in a class action suit alleging that certain policies issued in the Ottoman Empire (Turkey) between 1875 and 1915 were not compensated. The amounts at stake are in the tens of millions of dollars.
The web portal of New York Life...which was supposed to inform about the dates of transfer on behalf of the Armenian Insurance Compensation Fund Board, has not been updated since November, last year. The silence of the board was accepted as a sign of impartiality at the time when the applications were processed. At the moment, it is not clear and is offensive to the citizens.Does this surprise anyone? They could care less about the heirs of the victims. Their website does say that the required information has yet to be mailed to those in Armenia, even though U.S. claimants should already have received the letters.
Source: Panorama.am and Class Action Suit Website
