(Trinidad Express) Almost a year after it inherited an agreement to repay thousands of CLICO policyholders more than TT$1 billion they invested in the failed insurance giant, the People’s Partner-ship Government is now close to a decision about ending its commitment.
Sources close to Govern-ment, CLICO and its parent CL Financial, on Saturday described a new proposal as an “exit strategy” from the commitment to pay back policyholders entered into by the former PNM government.
The proposal was presented to the Government and a Cabinet note has been forwarded which outlines a framework for the
