-Caveat Lector-

InfoBeat - Report: Holocaust panel spent $30 mln

http://www.infobeat.com/cgi-bin/WebObjects/IBFrontEnd.woa/wa/fullStory?artic
le=407195872

           LOS ANGELES (AP) - An international commission created to
resolve Holocaust-era insurance disputes has reportedly spent more
than $30 million on salaries, hotel bills and newspaper ads while
distributing only $3 million to claimants.
           Internal documents obtained by the Los Angeles Times show that
the International Commission on Holocaust Era Insurance Claims
realizes it is coming under fire.
           ``ICHEIC is at risk of facing increasing criticism, focusing on
the low proportion of our claimants who have received offers ...''
commission vice chairman Geoffrey E. Fitchew wrote in an internal
memorandum in January.
           Commission President Lawrence S. Eagleburger acknowledged those
concerns in an interview with the newspaper.
           ``I will be the first to admit that given the amount we have
spent so far, the result in claims paid out is by no means as high
as it should be,'' said Eagleburger, a former U.S. secretary of
state who draws a $350,000 annual salary as commission president.
           The documents show that since 1998 the commission has held at
least 18 meetings with up to 100 participants at hotels in London,
Jerusalem, Rome, Washington and New York.
           The commission is a private organization created in 1998 by U.S.
and European insurance regulators, Jewish organizations and
European insurers flooded by a lawsuits for allegedly failing to
pay valid claims lodged by Holocaust survivors or their heirs.
           In a related development, the House of Representatives on
Wednesday approved an amendment to the State Department budget
providing the department will review the commission's claims.
           ``ICHEIC is not doing the job Congress expected it to do and I
intend to ensure that is has fair procedures and is accountable to
Holocaust survivors,'' said Rep. Henry Waxman, D-Calif.
           The commission is not regulated by any governmental agency and
makes independent spending decisions.
           Nearly all the commission's funding is provided by its five
European insurance company members.

           On the Net:
           ICHEIC: http://www.icheic.org/


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