Armenians to share $17m payout for Ottoman massacre
The California settlement will be administered in France, which also has many expatriate Armenian communities and which was one of the first countries to recognise the murders as genocide. AXA's headquarters are in France and the company operates in the US through subsidiaries.
Under the settlement, AXA agreed to donate several million dollars to various France-based Armenian charities. It will also contribute $11m toward a fund to pay valid claims of heirs of policyholders with AXA Group subsidiaries that did business in the Turkish Ottoman Empire before 1915.
The AXA case was the second lawsuit of its kind to be settled in US courts, although the United States, along with Turkey, does not officially recognise the deaths as genocide. In February, New York Life agreed to pay $20m to descendants of its Armenian policyholders killed in 1915.
comments powered by Disqus
- Rare silent Native American movie of 1920s attracting a lot of interest
- It happened in Idaho and was the largest massacre of Indians in US history, but where exactly did it take place?
- Junípero Serra’s Missions Destroyed Entire Native Cultures. And Now He’s Going to Be a Saint.
- Isis destruction of Palmyra's Temple of Bel revealed in satellite images
- McKinley's lost his mountain. Should we still remember his presidency?
- Japanese historian upends the familiar narrative of WW 2 by taking a bottom up approach, focusing on fascism from the grassroots
- Holocaust-denying historian David Irving organises 'disgusting' £2,000-a-head holiday tours of former concentration camps and Hitler's HQ so people can 'make up their own mind about the truth'
- 72 history professors sign letter urging removal of Jefferson Davis statue from Kentucky Capitol
- 10 Years After Katrina, the Enduring Value of the Hurricane Digital Memory Bank
- Historian author Antony Beevor says his new World War 2 book may anger Americans