In an interview on Thursday Prime Minister Dean Barrow commented on the Colonial Life Insurance Company, CLICO case before the Caribbean Court of Justice. CLICO had sued government for four million dollars after closing its doors in 2009. The contention is that the 54 CLICO policy holders were not paid compensation, which is reported as a loss of four million dollars. The company is of the opinion that government should have provided protection. The Court of Appeal found that the Insurance Act provides immunity from such lawsuits and yesterday the Prime Minister says he hopes that the CCJ upholds that decision.
Dean Barrow – Prime Minister of Belize
“Honorable Prime Minister Dean Barrow: Well I wasn’t aware that it’s before the CCJ; I know that it’s been litigated in Belize and that in fact the Court of Appeal gave a judgment which I read and which I thought was absolutely solid and so I would hope and I in fact believe that, that decision by the Court of Appeal will be held up by the CCJ.”