“ CLICO, Barrack settlement soon ”

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THE CLICO, British American Insurance Company Limited (BAICO) and Al Barrack problems will soon be solved. Minister of Finance Chris Sinckler made this disclosure last night in the House of Assembly as he wrapped up debate on the 2010-11 Budget. He told parliamentarians a resolution of the CLICO problem could emerge as early as next week when he meets with the judicial manager appointed for the troubled insurance company. He said he had been told that “a firm proposal” was being put on the table for Government, which had been pressing to ensure that policyholders get back their money. (TY)   Full story in today’s WEEKEND NATION.