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Holocaust Insurance Accountability Act: Restoring Rights for Claimants

This act aims to facilitate the recovery of funds from insurance policies issued during the Holocaust era. It allows victims and their heirs to pursue their rights in court, even if previous court decisions or agreements prevented them. The act provides citizens with new legal tools to seek financial justice.
Key points
Victims and their heirs can now sue insurance companies in federal courts to recover proceeds from Holocaust-era policies.
The act overrides previous court judgments and settlements that blocked such claims, opening the door for new lawsuits.
A 10-year statute of limitations from the act's enactment date is introduced, providing time to prepare claims.
If an insurer is found to have acted in bad faith, the court can award triple the due amount and legal fees.
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Additional Information
Print number: 117_S_1083
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-04-13