BAICO to begin payments again

ST JOHN’S, Antigua – Seven hundred and thirty-one local BAICO policyholders are slated to receive monies they have been awaiting for four years, in Phase II of the collapsed companies payouts. Local judicial manager for the defunct company, Cleveland Seaforth, said the governments of the Eastern Caribbean Currency Union (ECCU) gave permission to release payments for Phase II of their BAICO Policyholders Relief Programme on March 25. “The governments have made the announcement, and in addition, the judicial managers of each of the territories are in the process of putting notices to our to policyholders and are contacting them,” Seaforth said in an interview with OBSERVER media.