British American Insurance Company Limited and Colonial Life Insurance Company Limited Policy Holders Group (BACOL) will host a virtual Media Conference on Monday, July 26th, 2021 at 10:00 am, to inform the Caribbean and international media (and by extension, their readers, listeners and viewers at home and in the Diaspora) of the status of the legal action filed at the Caribbean Court of Justice (CCJ) on July 13th, 2021, in pursuit of fair and equitable compensation for British American Insurance Company policyholders and beneficiaries in seven OECS countries.
The filing of the lawsuit is the culmination of years of painstaking work and a long journey that began with the formation of BACOL in 2015, after it emerged that British American policyholders in the OECS would not be offered compensation on par with that awarded to policyholders from other CARICOM nations, following the 2009 collapse of the insurance company.
The Media Conference will be addressed by BACOL President, Dr. Patrick Antoine, and the legal team, headed by Mr. Simon Davenport, Q.C.
Media houses are invited to join the Media Conference on the Zoom meeting platform at the following link:
Meeting ID: 832 7374 3441
Since its formation, BACOL has held consultations with aggrieved policyholders throughout the OECS, to apprise them of their rights, and to invite them to become members of BACOL, the only legally viable option to obtain fair compensation. It should be noted that currently, the only other offer of compensation from the appointed judicial managers, is for 30 cents on the dollar. BACOL, through the CCJ and on behalf of its members, is seeking full compensation plus interest for 10 years.
The legal action filed by BACOL at the CCJ represents Policyholders of British American Insurance Company Limited from Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.
Registration of policyholders wishing to join the class action is already underway, through a network of Case Managers located in every participating country.
Next Actions – Online Town Hall Meetings
BACOL will hold a series of online town hall meetings to apprise policyholders of the lawsuit and answer questions.
St. Vincent and the Grenadines, St. Kitts and Nevis, Dominica–July 28th, 2021, 6:30 p.m.
Zoom Link: https://us02web.zoom.us/j/88618532438?pwd=WHVtZHFXK1pQdnB4N21EVnJjcEZxQT09
Meeting ID: 886 1853 2438
In Saint Vincent and the Grenadines, any one of the following Case Managers is authorised to register Policyholders of British American Insurance Company Limited to participate as litigants in the BACOL legal action before the Caribbean Court of Justice:
Tel: (784) 457-1828 / (784) 528-8903
Corner Middle & Bonadie Streets
Tel: (784) 456-1687
Upstairs BDO (Opposite Church of Christ)
Kingstown Park Kingstown
St Vincent and The Grenadines
Tel: (784) 453-1722/1 (784) 494-1001