Registration Window Closing for BAICO Policy Holders

The window of opportunity for registration, for policyholders of British American Insurance Company Limited (BAICO) seeking financial justice closes on the 15th of September, 2021. BACOL is encouraging as many eligible policyholders and beneficiaries as possible to sign up with their local Case Managers before the deadline date.

I Got 14%; Am I Eligible For More?

Policyholders who have received fourteen cents on the dollar (14%) so far, are also eligible to participate in this legal action. It is worth remembering that BACOL is petitioning the CCJ to award every represented policyholder 100% of their investment, plus interest calculated at 6% over 10 years.

Lost Documents?

Policyholders and beneficiaries/survivors of deceased policyholders who have lost their documentation are also encouraged to register with their Case Managers . T h e i r registration will only be approved after verification, a process which may take some time, but which once confirmed, will confer them with eligibility to receive compensation determined by the Court.

Doing It Without BACOL?

In response to inquiries about whether policyholders can pursue legal action themselves, BACOL notes that such policyholders (individuals and corporate entities) would need to undertake a process that has taken BACOL six (6) years and a considerable amount of financial and other resources to advance to the stage of filing legal action before the CCJ. This lawsuit represents the best chance that all policyholders have, of receiving fair and just compensation.

The Caribbean Court of Justice is expected to make an announcement in the near future, as to when hearings will begin in the legal action filed by BACOL on behalf of policyholders in seven (7) OECS countries (Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines).