CLICO and British American Insurance Company (Barbados) Limited (BAICO) policyholders are heading to court to get more say in the judicial management of the financially troubled insurance companies.
Chairman of the Barbados Policyholders and Investors Alliance (BIPA), June Fowler, made the disclosure yesterday as she announced that her group now had the reports and affidavits filed with the High Court by the judicial managers, following its petitioning for the documents.
She said while BIPA welcomed meetings held by the CLICO judicial manager to update policyholders on recent developments, it was not satisfied with that interaction alone.
BIPA says it’s concerned that members are not included in the discussion taking place to find a solution to the problems of BAICO and CLICO. (DP)
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