Generali spokesman Matteo Fabiani told the Associated Press Tuesday that talks broke down two weeks ago. He blamed the impasse on U.S. insurance commissioners and families, saying they had not lived up to the agreement.
Generali is one of six European insurance companies that have been stung by class-action lawsuits as part of a two-year effort to compensate Holocaust survivors and their heirs for life or property insurance policies that were never paid out.
The companies signed a memorandum of understanding in August that calls for the creation of an international commission to resolve Holocaust-era insurance claims.
Generali is the only insurer to have negotiated a settlement to these claims. But the company said if an agreement cannot be finalized it may instead settle claims under a framework established by the commission.
Earlier this year, in a related matter, the company handed over to Yad Vashem in Jerusalem the names of 340,000 policyholders for research purposes only. But this month the company announced that 100,000 policies remain unclaimed.
“They must publish the 100,000 names,” Gesher Party Knesset member Michael Kleiner demanded Tuesday.
Kleiner has led a campaign against Generali, which last year purchased Migdal Insurance from the Israel-based Bank Leumi.