Welcome to BIPA

BIPA back on course

The Barbados Investors Policyholders Association (BIPA) is not political by any stretch.

Chairman June Fowler made it clear on Wednesday night that BIPA was a non-partisan advocacy group.

“Ihave told [Leader of the Opposition Owen] Arthur in no uncertain terms that if the Government changes tomorrow, the pressure will not stop. The Press releases will continue, the noises will continue until we all get our monies back, and our policies are transferred to a preferred purchaser.

“So, it does not end with this administration,” said Fowler at a BIPA meeting held at the St Gabriel’s School in Collymore Rock.

Committee member Michael Goodman endorsed Fowler’s comments in the question and answer segment.

“For those who are feeling concern that we are attacking the [ruling Democratic Labour Party], in a few months time, we may well be attacking the BLP. It is not a partisan issue, it is a people’s and policyholders’ issue, and whoever holds the purse strings is the one we will bring pressure on to make decisions in a favourable and timely manner.”

Fowler said BIPA had regained its impetus.

“What we allowed to keep us back was a lack of money and a fear of offending the Government or anyone else. We became derailed and off-track but, thank God, the derailment did not cause any damage, only a delay in moving forward.

“I want to say to you, fellow policyholders, that we have regained our strength and we are moving again with alacrity to bring more pressure on the Government for a successful and acceptable resolution for all policyholders, who make up 12 per cent of the population, whether you are B, D or NDP or no P.

“We have all been affected and the sooner we realize that, the better it would be for us to unite and support the work of the leadership team,” Fowler said.

In order to further increase its strength, BIPA members voted to create an “Associate Membership” level to enable anyone with an interest in a satisfactory resolution to the problem to join forces with the body for a small nominal fee, whether or not they are investors or policyholders. (MK)

Weekend Nation: Oct 19 2012

CLICO JM Interim Forensic Report

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.

http://bajan.files.wordpress.com/2012/07/clico-judicial-report.pdf 

Time to act

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!”

Source:  http://news.barbadostoday.bb/2012/07/17/time-to-act/