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In New York, Senator Guy Velella, sponsored such legislation and hearings with insurance archeology specialists were held to prove victims were denied such claims. The International Commission on Holocaust Era Insurance Claims ceased accepting claim forms/applications from Holocaust survivors on March 31, 2004.
Pure IBNR refers to only unreported claims, not any development on reported claims. Incurred but not enough reported (IBNER), in contrast, refers to development on reported claims. For example, when a claim is first reported, a $100 payment might be made, and a $900 case reserve might be established, for a total initial reported amount of $1000.
A claim is a statement that one subject, such as a person or organization, makes about itself or another subject. For example, the statement can be about a name, group, buying preference, ethnicity, privilege, association or capability. The subject making the claim or claims is the provider.
According to Section 2(1)(3) of the Property Law of Germany, the Claims Conference is a legal successor with respect to the claims not filed on time by Jewish persons. This fact was reasserted in decisions of some lawsuits which attempted to redefine the Claims Conference as a "trustee" of these assets. These lawsuits were dismissed. [2]