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AXA Insurance Said to Compensate Heirs of Genocide Survivors

Starting on January 31, almost a thousand heirs of Armenian Genocide victims will receive their compensation payments from AXA the French insurance company AXA within two weeks. This, according to Armenian-American lawyer Vartkes Yeghiaian in a news item picked up by a number of Armenian mass media outlets citing "Days" monthly published in Prague. (The AXA website has posted no announcement on the matter).

Over 12 thousand claims were rejected by the judge, about which the claimants will be notified. In 2007 a group of Armenian lawyers won a lawsuit filed against AXA, which agreed to pay 17.5 million dollars, 11 million dollars of which will be distributed to heirs, and the rest will be given to the lawyers and Armenian organizations based in France.

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