US Holocaust survivors want to sue European insurance companies for $25 Billion

The president of the Holocaust Survivors of Miami-Dade County wants to allow survivors and their families to use the courts to get payouts from European insurance companies for policies that were upended by Nazi Germany.

And after years of advocacy from South Florida lawmakers, David Mermelstein might have the White House on his side.

Mermelstein was sent to Auschwitz when he was 16 years old and was the only member of his family to survive the Holocaust. After two years in a displaced persons camp, Mermelstein came to the United States in 1948, met his wife in New York, and then decided to stay in Miami for the rest of his life after honeymooning there.

Now, 75 years after leaving Auschwitz, the 90-year-old Mermelstein is pushing to get a law passed that gives Holocaust survivors the right to use the U.S. court system to compel private European insurance companies to look through their own records and pay out the money owed to survivors and their families, which could total up to $25 billion when factoring in compound interest over time.

So despite receiving countless compensations its never enough, even now after almost a century passed. When is the “last payment”? When can Germany say ok we now finally made the final payment and its finally over, we are finally acquitted?

And on top of that, insurance companies of today which have nothing to do with what happened decades ago will have to pay a huge amount of money for something that they have nothing to do with.

If I had a insurance company in Germany at this point, after hearing about this news, I would close up and move away on a far distant planet, outside the Milky Way galaxy. Just joking obviously, but moving far away before the lawsuit happens would be the best thing they could do.

On the other hand we don’t really care about insurance companies. Their only purpose is to skin people alive and steal their money, now they are about to get skinned so good luck with that mr. Mermelstein.

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