Saturday, April 20, 2024

BIPA: Delay may not be a bad thing


Share post:

THE BARBADOS INVESTORS and Policyholders Alliance (BIPA) is still waiting for its day in court.

Chairperson of the alliance, June Fowler, said the matter involving the $56 million settlement for CLICO and British American Insurance Company (BAICO) policyholders was scheduled to be called before the High Court on January 30, but on arrival, the matter was not listed in the court’s registry.

“Right now we are waiting on another date, but hopefully we hear something this week and our attorney will get back to us and let us know then,” she told the SUNDAY SUN in a telephone interview yesterday.

Last December, High Court judge Justice William Chandler approved a transfer agreement between CLICO International Life Insurance Ltd, New Life Investment Company and Resolution Life Insurance which was set to take effect on December 30. (TG)

Please read the full story in today’s Sunday Sun, or in the eNATION edition.


Please enter your comment!
Please enter your name here

Related articles

Four arrested on drug charges

 Three Barbadians and a Venezuelan, who were caught on a vessel carrying over $8 million in cocaine and...

BAVERN looking at prospects

Some vendors in the city are hoping to get their share of the spoils as Bridgetown Market is...

Missing: Sonia Suzzette Parris

Police are seeking assistance in locating Sonia Suzzette Parris, 58, of Edey Village, Christ Church who disappeared on Wednesday night. Parris was...

Man sets himself on fire outside NY court at Trump’s trial

NEW YORK - A man set himself on fire on Friday outside the New York courthouse where Donald Trump's historic...