Nation e-Edition

BIPA awaits PM

BIPA awaits PM June Fowler. (FP)

By Mike King | Fri, October 19, 2012 - 12:10 AM

Prime Minister Freundel Stuart seems set to meet with the Barbados Investors Policyholders Association (BIPA) even as it pushes plans to take legal action against Government and company officials over the CLICO Insurance collapse that has ruined the finances of 35 000 policyholders.

At a meeting at the St Gabriel’s School, Collymore Rock, on Wednesday night to update members on recent developments, BIPA chairman June Fowler said she was happy that Government was finally coming on board.

“I got a call a few days [ago] from the Permanent Secretary [of the Prime Minister’s Office] and she apologized for the fact that they did not get back to us sooner as the Prime Minister was busy.

“She wanted to get a list of the names of our team for a meeting with the Prime Minister. So we are waiting on them to get back to us.”

Fowler said the Opposition Barbados Labour Party (BLP) too had responded to the cries of the thousands of policyholders. Response from the Opposition was heartening, Fowler said.

Please read the full story in today’s WEEKEND NATION, or in the eNATION edition.

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Posted by Payel Garcia 2 years ago
The PM is only meeting to relief the hysteria of BIPA by listening to them but there is very little that he can do. As for the Opposition, the CLICO/BAICO problem was put in under their watch so if I were BIPA I would take whatever they say with a pinch of salt remembering a promise is a comfort to a fool.

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