- LIAT CEO: Taxes on flights too high Read More
- International experts give digital marketing advice Read More
- Bajan jockey wins Sovereign Award Read More
- Husbands hit with disqualification on opening day Read More
- Need change now more than ever Read More
- Keep buggery law Read More
- Verne Troyer, ‘Mini-Me’ in Austin Powers films, dies at 49 Read More
POLICYHOLDERS ARE CAUTIOUSLY optimistic about the latest judicial manager’s report into CLICO International Life (CIL) insurance company. Following the recent disclosure that the report contained a proposal to ensure full repayment to policyholders of the value of their traditional CLICO policies and the return of the principal investment in the individual Executive Flexible Premium Annuities (EFPAs), the Barbados Insurance Policyholders Alliance (BIPA) warned yesterday that the road ahead would not be easy. BIPA noted, however, it was pleased that the proposal for 100 per cent recovery for policyholders had been given the nod by Government. “The Alliance is ... pleased that the proposal has received approval, if only in principle, from the Ministry of Finance,” BIPA chairman June Fowler said.