Retired Bajans says gov’t too slow on CLICO, BAICO problems
(Barbados Nation) The Barbados Association of Retired Persons (BARP) has strongly criticized Government for moving too slowly to resolve the money problems of CLICO and BAICO policyholders.
Since the collapse of the two insurance companies three years ago, BARP’s investment of Bds$1/2 million has been in jeopardy.
“Our concern is that we are not seeing the sort of response from Government that we thought would bring us to some sort of satisfactory conclusion in the matter,” BARP president Edward Bushell told the WEEKEND NATION yesterday.
“We see in other jurisdictions the matter being settled and we can see no meaningful action at all in Barbados.”