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ANKARA: Diaspora Insurance Payments

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  • ANKARA: Diaspora Insurance Payments

    DIASPORA INSURANCE PAYMENTS

    Hurriyet, Turkey
    Feb 19 2007

    The former head of the Turkish-American Foundation Assembly (ATAA),
    Ercument Kilic, has warned that Turkey could face heavy recompensation
    payments to Armenia in coming years.

    Asserting that Armenia's aim in backing bills calling for the official
    recognition of the so-called Armenian genocide was to receive monetary
    recompensation, Kilic noted that certain American insurance firms had
    already begun to pay out recompensation to Armenians claiming loss as
    a result of genocide, and that these payments would continue. Kilic
    maintains that the large insurance firms paying out Armenian
    claims even now will later turn to Turkey for recompensation for
    their financial losses. Kilic also indicated that applications from
    Armenians to web sites such as www.armenianinsurancesettlement.com were
    already flowing in, and that the inevitable result would be pressure
    by banking and insurance lobbies on Turkey to back these claims.
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