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World War II Compensation Schemes

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Chapter Summary

This chapter describes the work of two World War II compensation schemes. The two schemes are the UK Government Enemy Property Compensation Scheme and the International Commission for Holocaust Era Insurance Claims (ICHEIC). At the commencement of World War II the UK Government introduced Trading with the Enemy legislation. The purpose was to take into British Government control assets located in the United Kingdom belonging to individuals and companies who were resident in the belligerent countries. The aim of this legislation was to ensure that enemy-owned assets in this country could not be utilised by enemy authorities to assist their war aims against the United Kingdom and its allies. ICHEIC's main function is to act as the conduit for the payment of proceeds of unclaimed life insurance policies taken out by Jews in Europe before World War II to the original policy holders, where still alive, or to their descendants.

Keywords: British government; compensation schemes; Enemy Property Compensation Scheme; enemy-owned assets; ICHEIC; insurance policies; policy holders; World War II



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