The Barbados Investors & Policyholders Alliance does not condone the unauthorised circulation of confidential documents. However, as The CLICO Judicial Manager’s Interim Forensic Report dated December 5th 2011 has been freely accessible on the internet for some time, we leave it to the judgment of members whether or not they wish to click the link to view this document which has effectively been placed by third parties in the public domain.
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No more talk. Its time for action!
That was the key message from members of the Barbados Investors and Policyholders Alliance at their most recent meeting at the Anne Johnson Auditorium. The alliance has now instructed its Attorney-at-Law, Tariq Khan, to “invoke pre-action protocols” against the directors of CLICO, the Office of the Supervisor of Insurance and others.
This is the first step in the process of establishing who ought to be subject to legal action as a result of the collapse of the insurance company which has left many of the 25,000 Barbadian CLICO policyholders and their families in a state of desperation and destitution.
“Many of our members wanted to do this from the start,” says BIPA Chairperson June Fowler, “but we fully expected the Judicial Manager to initiate action of this kind a long time ago, and kept recommending to our members that we would explore all other avenues of persuasion and inclusion before considering and initiating legal action such as this.”
She continued: “But after over a year of trying to bring pressure via the media for an early solution; putting up with a litany of unfulfilled promises, empty reassurances, the silent treatment from Government, as well as resistance to BIPA’s application to participate in the judicial management process as a legitimate intervener, the alliance is unable to contain its frustration any longer and has decided enough is enough!”