THE GROUP REPRESENTING the interests of CLICO and British American Insurance Company (BAICO) policyholders says it isn’t accepting anything less than every cent owed to its members. And it will head to court to ensure this if it has to.
Despite pronouncements last week by Caribbean Development Bank (CDB) president Dr Warren Smith that it was unlikely all the money invested would be returned, the Barbados Investors and Policyholders Alliance (BIPA) said it remained resolute in its stance to recover it all.
That was articulated by chairperson June Fowler at BIPA’s first meeting for 2012, on Wednesday, and in a subsequent Press statement.
“Words recently quoted in the media, including ‘unlikely’ and ‘regrettably’, are simply not in the vocabulary of the Alliance,” the statement said. (DP)
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