Lovell says negotiation, not aggression, is what PM Browne needs to resolve insurance-payment matter with T&T Gov’t

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REAL NEWS- Harold Lovell is decrying the aggressive position that Prime Minister Gaston Browne has taken in the matter involving the collapsed British American Insurance Company Limited (BAICO) and Colonial Life Insurance Company Limited (CLICO) and promises by the Government of Trinidad & Tobago to pay local policy-holders.

Browne is threatening to sue the T&T Government over its failure to pay the US$60 million balance on a US$100 million commitment.

The Prime Minister, in his usual fashion, made the announcement on his affiliated radio station – rather than on State media – on Saturday, July 23.

Lovell, the Political Leader of the United Progressive Party (UPP), says the Head of Government lacks diplomacy.

Lovell, an attorney-at-law, says the payment promised by the T&T Government was not an official court order; rather, it came about after months of negotiation. This is what is now needed, Lovell says: a meeting at the table.

The Political Leader says the Browne Administration may have an uphill battle litigating this matter.

BAICO and CLICO – a Trinidad-based conglomerate, went into insolvency in 2009, leaving Antigua and Barbuda policy-holders among those still owed millions of dollars.

The Government reportedly is pursuing litigation against the principals of the insurance companies.

Meanwhile, PM Browne said he hopes that Trinidad & Tobago is benefitting from the increase in fuel prices and therefore will put some system in place to cover the rest of its liability.

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9 COMMENTS

  1. There is a reason why Gaston Browne has not secured any investments in 8 years. His mouth!!!. Instead of having the biggest mouth he should focus on getting the biggest bag (of money). Look at the public way Sandals was handled. According to him, he won the battle against Sandals. But Gaston has lost the war. He think Sandals forget the slander? BTW, last thing we heard was Sandals was interested in Jolly Beach. What’s the latest?
    Let’s see if anything happens at Jolly Beach in the next few weeks.

  2. Plenty people believe that POINTE FM get Gaston in trouble. He chat too damn much.
    Remember when his mouth slip and he tell Washington that he take the vaccine. Remember that. From that point, a lot of people fraid to take the vaccination.

    Remember he say that Chuksi went to Dominica on a romantic rendez-vous?
    He so lie

    On POINTE FM again, he threaten Rowley. Chupz .
    He even lie because Rowley say that ne never receive no letter.

    Sick, tired and fed-up of Gaston Browne.
    GASTON BROWNE IS THE WORST PRIME MINISTER EVER

  3. I was never a UPP supporter but Gaston obnoxious, self-made god Browne has pushed me in their direction. UPP you have my vote come next election.

    • Too bad for you. Means you will be on the losing side.
      Many of us like his style, because he shoots straight like and arrow. Doesn’t sugar coat anything. And he is not an easy push over. That is why no one can say that they have him in their pocket. Lovell was 10 years in office and cannot tell what negotiations he had with CLICO to get Antigua people monies back. Antigua people lost $300 million in that fraud. Did any of the CLICO directors face the music like Stanford did? It’s about time someone stood up for Antigua and Antiguans interest. And do so firmly. We may be small but we Tallawah.

  4. Lovell you don’t know fart about negotiating. Look how u mek Butch hoodwink u into holding on to our ABST.

    You are a JOKE. One big 🤡 SPINELESS LIMPY JOE COWARD!!

    Everett Christian u mek give u bad advice. Now u are known as the ABIB COLLAPSER.

    Still waiting on the ROMANTIC RHYTHMS REPORT

    • JUST LIKE THE SHIEK TOOK 30 ACRES OF CALALOO BAY?

      JUST LIKE YIDA HAS GONE WHEN PROMISING $200,000,000 MILLION PER YEAR RETURNS.

      THAT IS EXPERT NEGOTIATION SKILLS BY GASTON…..U USEFUL IDIOTS

    • Nah it wasn’t Harold nice try. It was a concession given to Sandals by a Labour government headed by Lester Bird.

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