Saturday, April 20, 2024

BIPA: Delay may not be a bad thing

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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.

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