Daily Israel Report

Holocaust Survivors Protest Allianz Golf Tournament

Holocaust survivors demonstrated outside a golf tournament in Florida, sponsored by an insurance company that had ties to the Nazis.
By Rachel Hirshfeld
First Publish: 2/12/2013, 11:39 AM

Holocaust survivors
Holocaust survivors
Israel news photo: Flash 90

Holocaust survivors held a large demonstration outside a golf tournament in Florida, sponsored by Allianz, an insurance company that had ties to the Nazi regime during World War II.

The survivors gathered outside the Allianz Golf Championship in Boca Raton over the weekend demanding that the company pay out billions of dollars in unpaid insurance claims to Jewish victims of the Holocaust.

As part of a settlement by the International Commission on Holocaust Era Insurance Claims, in 2006, Allianz and other insurance companies paid out more than $306 million to 48,000 claimants, according to the South Florida Sun-Sentinel.

However, he Holocaust survivors claim that Allianz still owes nearly $2 billion.

“Not only haven’t I seen any money, this is already 70 years,” David Schaecter, 83, president of Holocaust Survivors Foundation USA, told the newspaper.

Schaecter’s family was sent to Auschwitz when he was 11, and his family had an insurance policy worth $1,500 in the 1930s.