Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Nazi Insurance Fraud

HOUSTON -- Documents found in a Moscow archive show German insurance firms conspired with the Nazis to deny Jews insurance claims worth billions in today's dollars, an investigator told Texas insurance regulators Thursday.

The findings indicated the companies were not forced to go along with the Nazis during the Third Reich, but in fact helped create policies that robbed Jews of their benefits, said investigator Terrell Hunt, president of Houston-based research firm Risk International Services.

"What's most poignant about the documents is that they demonstrate that, to a significant degree, it was the insurance companies pulling the Nazis along with the program of separating Jews from their insurance assets," he said

The disclosure came at a hearing by the Texas Department of Insurance gathering evidence from Holocaust survivors about the unpaid claims. Hunt said the documents found in Moscow were seized by the Soviet army in Berlin at the end of the war.