Friday, August 24, 2012

Barbados: Policy holders lose class action suit against Manulife

(Barbados Nation) Policyholders in Barbados have lost their ten-year-old BBD$163 million (US$81.5 million) class action suit against Canadian insurance giant Manulife.

The suit against Manulife, was filed by the 8 000 policyholders led by main plaintiffs Wismar Greaves, a former Supervisor of Insurance; Richard Mandeville, Anthony Bowen and the late Sir Marcus Jordan, who claimed their rights were infringed when Manulife sold its insurance business to the former Life of Barbados in

More details here...

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