61.   Most are mutual companies, meaning they are legally private companies owned by their policy holders.

62.   Munir said the council was now in the process of gathering information to determine the value of the claims raised by policy holders.

63.   Recently, however, Generali provided all the names of the policy holders to Yad Vashem, the Holocaust memorial institute in Jerusalem.

64.   Since then, companies have been paying out on policies brought by claimants who know of policy holders.

65.   The economic troubles, he said, have left many policy holders unable to pay monthly premiums and this has had a strong adverse effect on the insurance business.

66.   The Israeli government had complained that a letter sent to ask for full disclosure of details on policy holders has gone unanswered so far.

67.   The Jerusalem Post daily said this marked the first time an actual number of policy holders was cited.

68.   The Times said Royal Insurance has written to its policy holders to warn them about the thefts.

69.   To enter the glamorous sphere of the horsey set, Ms. Shaw cashed fraudulent checks made out in the names of fictitious policy holders.

70.   This means that the diminution in value willnot be fully borne by shareholders since part of the unrealised loss willhave to be absorbed by participating life policy holders.