“We accept our responsibility for the injustices committed during the Nazi era in Germany.”
Nazi Germany caused immense suffering to Jews all over Europe. It is our responsibility and the responsibility of future generations to remember these atrocities and tragic events.
In the decades following liberation, post-war Germany accepted responsibility for the atrocities of the Nazi regime and initiated substantial compensation programs. In 1952, a treaty between the State of Israel and Germany became a cornerstone for material compensation. Since that time, numerous laws and international agreements have provided compensation for material damages and confiscated assets.
Victims of the Holocaust and their heirs are still receiving compensation payments to this day. Since the 1950s, government-funded compensation programs have addressed and compensated the vast majority of outstanding insurance policies held by Jewish policyholders of Nazi-era Germany. Furthermore, under an Executive Agreement between Germany and the United States, German insurance companies have provided more than 281 million euros since 2002 in additional insurance policy compensation payments and contributions to Jewish organizations for general humanitarian purposes. This additional compensationprocess was initiated and coordinated by the International Commission on Holocaust Era Insurance Claims (ICHEIC). In consideration for this engagement, the U.S. administration committed itself to the establishment of legal peace for German companies in U.S. courts regarding Holocaust claims. Although the American-German Executive Agreement and the ICHEIC process were meant to provide the definitive resolution for all claims, German insurance companies continue to voluntarily examine new inquiries concerning potential unpaid insurance policies and to honor legitimate claims. These compensation efforts are meant to provide a small measure of justice for Nazi crimes that can never be undone.