Tuesday, March 2, 2010

British American Files for Bankruptcy

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5 comments:

Anonymous said...

For these same reasons, "policyholders will get 10 cents on their dollars", that, I, personally keeping away from those turkey vultures - those Life Insurance companies, that is...

March 2, 2010 at 7:01 AM
IAKM said...

Do That! It is your right!

However, to the many other intelligent people at home, hold on. Insurance companies are vital to the security of our future financial security. They are, however, like any other business, and therefore vulnerable to shifting economies.
We have two choices: We need to trust in our investments and the companies that represent these investmnets, or we hide our money under our mattresses.
It is time for the ignorances of our fore fathers to cease from our societies.
Sometimes we win and sometimes we lose. That is life!

March 3, 2010 at 10:02 AM
Anonymous said...

10 cents on every dollar is not enough considering you have deen paying a policy for all your life.planning to hava a good retirement and to a peace meal is not enough,people in the caribbean have made sarcrifices to pay their policies only get that in return.

December 11, 2010 at 8:15 AM
Anonymous said...

I pesonally think that at the end of the day the question is who do u trust with your money.money is the issue here,These policyholders have no way of getting their money back from these greedy dogs after u have work so hard to pay these policys,then again its money,the big dogs win again.

February 15, 2011 at 8:31 AM
Anonymous said...

it is clearly seen by this ridiculous excuse for an article that the real story is being covered up.There comes a time when individuals should stop letting upper level CEO's bash them over their heads with nonsense merely because they think that we do not know the law.there is obviously someone to blame for this whole situation and I know for a fact that the head office in Trinidad and Tobago has made the decision to wash their hands clean of some of the other British American branches desperate for help. If such a big insurance company like this has an obligation to oversee the interest of their policy holders, then how does filing for bankruptcy come into the equation when insurance companies should be the first to pick up on the financial trends.who was the CFO(chief financial officer ) who could not see this trend coming with over 5-7 years analyzing the direction of the company?.Yet, no one has been questioned vigorously enough to find and answer. I can tell you this much, The management at the head offices know for a fact that this kind of non sense would never fly in a country such as the US. stop taking advantage of people who plan their whole lives around insurance policies and pull the rug from under them. I have yet to see another situation like this were employees and insurance holders suffer to the same degree.

February 15, 2012 at 2:18 PM

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