Wednesday, April 24, 2024

Policyholders in limbo

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Former CLICO policyholders and investors feel they are reliving their nightmare ten years after the company collapsed.

Barbados Investors and Policyholders Alliance (BIPA) president June Fowler said the organisation would shortly be returning to court “with a heavy heart” as they sought to get financial relief.

Fowler said she found it “very disturbing” that having been “so vocal and supportive” while in opposition, it appears the Mia Mottley Administration was now “so strangely silent on the matter of the CLICO/Resolution Life policyholders”.

Policyholders and investors remain in limbo, with Government’s debt restructuring resulting in a suspension of payments. (SC)

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