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Allianz and the German Insurance Business, 1933-1945 by Gerald D. Feldman

By Gerald D. Feldman

Gerald Feldman's historical past of the the world over popular coverage company Allianz AG within the Nazi period relies mostly on new or formerly unavailable archival resources, making this a extra actual account of Allianz and the boys who directed its enterprise than was once ever earlier than attainable. Feldman takes the reader via various instances of collaboration and clash with the Nazi regime with equity and a dedication to proficient research, concerning problems with damages within the Pogrom of 1938, insuring amenities utilized in pressured exertions camps, and the issues of denazification and restitution. the wider concerns tested during this study--when cooperation with Nazi rules used to be obligatory and whilst it used to be complicit, the way revenue, ideology, and opportunism performed a job in company determination making, and the query of the way Jewish coverage resources have been expropriated--are rather proper this present day given the continued overseas debate approximately restitution for Holocaust survivors. This booklet joins a starting to be physique of scholarship according to open entry to the files of German enterprises within the Nazi period. Gerald D. Feldman is Professor of heritage on the college of California at Berkeley. His e-book, the good sickness (Oxford, 1993) acquired the DAAD publication Prize of the German ancient organization and the booklet Prize for important ecu historical past from the yank old organization. He was once an invited professional on the London Gold convention in December 1997 and on the U.S. convention on Holocaust resources in Washington, D.C. in December 1998 and served as an consultant to the Presidential Commision on Holocaust resources within the usa.

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Schmitt immediately seized upon the opportunity and began discussions with the head of the Stuttgarter concern, Max Georgii (1855–1934). The negotiations were extremely difficult. The Stuttgarter concern was in no way in distress, and there was no immediate reason for fusion. Some of the Stuttgarter directors opposed the move, and the City of Stuttgart was especially hostile to having so important a concern move to Berlin. Thus, all kinds of concessions had to be made. Allianz had to promise that the headquarters of the life insurance business – as well as those of accident and liability insurance – would be moved to Stuttgart.

16, 1929, in the Protokol über die Gläubigerversammlung, 15. Jan. 1930, pp. 1–2, HABD, S244. See Favag an das Finanzamt Frankfurt am Main, 17. Dez. 1932, BAK, B 280/13283. Favag an Waller, 27. Aug. 1929, HABD, S234. ” 39 The great vulnerability created by the private and public borrowing in Germany was thus apparent. The reality of the Favag case, however, was that a Reich Supervisory Agency payment ban had been created under the terms of the grant of permission to Allianz to take over the direct insurance business of Favag.

Becker then promised to gather the information and to keep Lauinger abreast of developments, but Lauinger soon launched a press campaign against Favag’s way of doing business. Also, Lauinger began informing members of the Favag supervisory board and the Reich Supervisory Office for Insurance of serious problems at Favag. It is important to realize that since 1901 the private insurance business had been subject to national government regulation under the Reich Insurance Law (VAG). This law had created the Reich Supervisory Office for Insurance (RAA), which was charged with the tasks of licensing insurance companies after investigating their trustworthiness, making sure that the coverage for life insurance policies was administered separately from other assets and was securely invested, and making sure that insurance companies complied with the business plan they had regularly to submit in order to receive and retain their business licenses.

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