THE SEARCH IS ON to find several hundred policyholders who could miss out on benefits from policies they had with British American Insurance (Barbados) Company (BAICO) which collapsed eight years ago.
Over the last week, the judicial managers of BAICO have been running an advertisement seeking about 426 policyholders, urging them or agents to get in contact with the office. The list also contained 14 listings for estates.
That is in order for them to collect letters advising them of a deadline relating to the final report recently approved by the High Court. In that report are the formal recommendations and outline of the details of the proposed treatment of remaining policies of BAICO.
Since the fall of the regional insurance company, the judicial management made arrangements to allow the policies to be transferred to Sagicor. (AC)
Please read the full story in today’s Daily Nation, or in the eNATION edition.
