Allianz is a Germany-based insurance company that had connections with the Nazis. It insured facilities at Nazi death camps such as Auschwitz and also deprived many Jewish customers of money from their insurance policies, Holocaust survivors say.
In 2006, as part of a settlement by the International Commission on Holocaust Era Insurance Claims, Allianz and other insurance companies paid out more than $306 million to 48,000 claimants, according to the South Florida Sun-Sentinel.
The Holocaust survivors and their supporters, however, claim that Allianz still owes nearly $2 billion.
“Not only haven’t I seen any money, this is already 70 years,” David Schaecter, 83, president of Holocaust Survivors Foundation USA, told the Sun-Sentinel
Schaecter’s family was sent to Aushwitz when he was 11, and his family had an insurance policy worth $1,500 in the 1930s.
In 2008, Allianz dropped a bid for the naming rights of the New Meadowlands Stadium (now Metlife Stadium) in East Rutherford, NJ, after New York-area Jewish groups and fans of the New York Giants and New York Jets—who play in the stadium—expressed outrage against Allianz’s ties with the Nazi regime.