THE GROUP that represents CLICO policyholders is not getting excited about Government’s latest pronouncements on the cash-strapped insurance company.
In his Budget yesterday, Minister of Finance Chris Sinckler said New Life Investment Company Inc, which represents Government, would make $52 million available to CLICO once the High Court gave permission.
He said this cash injection “would allow the company to satisfy the immediate cash needs of the policyholders”.
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