THE GOVERNMENT says it has not abandoned the policyholders of the failed CLICO Insurance Company.
Minister of Finance Christopher Sinckler said yesterday he would be issuing a statement, hopefully within the next few weeks, to let policyholders know when their policies, as well as those of the failed CLICO subsidiary British American Insurance Company Ltd (BAICO) would be transferred to the new company Resolution Life.
“On behalf of whomever has been responsible for the inordinate delays in the implementation, I want to apologise.
“I can’t say me because I, and my ministry, are not involved in the day-to-day execution of it, but I want to say to those Barbadians who have been ill affected by this process continually that we have not abandoned you and that we should apologise publicly for those delays. (HLE)
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