FIRST CASH PAID IN ARMENIA FROM OTTOMAN INSURANCE SETTLEMENT
Citizens of Armenia whose ancestors were massacred by the Turks have begun receiving cash payouts as part of a landmark settlement with a U.S. firm that had issued insurance policies to thousands of Armenian subjects of the Ottoman Empire. The $20 million deal with New York Life Insurance Co., which was announced three years ago, settled a class action lawsuit that was filed by Armenian-American descendants of Ottoman Armenian policy holders killed in the 1915 genocide. The company had sold more than 2,300 such policies that were never paid to their surviving relatives. The settlement set aside at least $11 million for descendants in Armenia and its worldwide Diaspora, $3 million for four Armenian-American charities and $2 million for administrative costs. Nearly two thousand Armenian nationals have since failed claims with a special “settlement fund” set up by New York Life and the plaintiffs’ lawyers. Some 1,240 of them have been deemed eligible for compensation totaling $3.67 million. The first five claimants received undisclosed sums through HSBC Bank Armenia on Thursday, bank officials told RFE/RL. They said the process is due to be complete in six weeks. The compensation of Diaspora Armenians, many of them U.S. citizens, began in early November. The New York Life settlement paved the way for a similar agreement with French insurer Axa that was announced in Los Angeles in October 2005. The company agreed to donate at least $3 million to various French-based Armenian charities and another $11 million towards a fund designed to pay out policyholders of Axa units that did business in the now defunct Turkish-run Ottoman Empire.
- By Irina Hovannisian
DASHNAKTSUTYUN AGAIN THREATENS GOVERNMENT EXIT
By Ruzanna Khachatrian
The Armenian Revolutionary Federation (Dashnaktsutyun) will pull out of the government if the upcoming parliamentary elections fall short of democratic standards or if it fares poorly in them, a leader ...ARMENIAN TOWN HIT BY WATER POISONING
By Astghik BedevianMore than a hundred residents of the central Armenian town of Aparan have reportedly been poisoned as a result of what authorities believe was a serious contamination of drinking water. Minister for ...APPEALS COURT SHORTENS EDITOR’S JAIL TERM
By Ruzanna Stepanian
An Armenian appeals court on Friday shortened by six months the four-year imprisonment of the editor of a pro-opposition newspaper who was convicted of illegally dodging compulsory military service. ...FIRST CASH PAID IN ARMENIA FROM OTTOMAN INSURANCE SETTLEMENT
By Irina HovannisianCitizens of Armenia whose ancestors were massacred by the Turks have begun receiving cash payouts as part of a landmark settlement with a U.S. firm that had issued insurance policies to thousands of Armenian ...
SERBIAN WEAPONS GET GREEN LIGHT FOR EXPORT TO ARMENIA
AFPMan Facing Jail For ‘Illegal’ Bid To Enter U.S.
By Karine KalantarianHeavy Fog Again Disrupts Armenian Air Traffic
By Ruben MeloyanAPPEALS COURT SHORTENS EDITOR’S JAIL TERM
By Ruzanna StepanianU.S. CONGRESS TO MULL NEW ARMENIAN GENOCIDE BILL
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By Emil DanielyanOpposition Leaders In New Alliance Talks
By Astghik BedevianBUSH RESUBMITS NOMINATION FOR U.S. AMBASSADOR TO ARMENIA
APKOCHARIAN IN FRESH ATTACK ON ARMENIAN TAX BODIES
By Emil DanielyanU.S. EXPECTS CONTINUED ARMENIAN TROOP PRESENCE IN IRAQ
By Emil Danielyan
- 1846 The second Russian - Armenian "Kovkas" newspaper was published with the initiative of Father Hakob Karinian and P. Mikayel. It was published until 1848, in Tbilisi.
- 1903 The Tsar confirms the confiscation and nationalization of Armenian Church property and estates.
- 1904 Death of Bishop Mambreh Markosian, painter and monk of Jerusalem.
- 1933 Yerevan's tramway service is inaugurated.
- 1945 Opening of the First Congress of Creative Artists in Yerevan.
- 1945 Opening of the first conference of Armenian composers.
- 1951 Entry into force of the UN Convention on Genocide in accordance with article 13.
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- 2011 թվականը
- L’ARMENIE OCCIDENTALE ET LE DROIT INTERNATIONAL, AUJOURD’HUI !
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