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Saturday, February 26

BAICO Salvage Plan Shelved on Lack of T&T Monetary Commitment

The St. Kitts-Nevis Observer: "Policyholders, depositors, and investors of the collapsed British American Insurance Company (BAICO) were dealt another blow on news of the ECCU’s latest setback on the regional dilemma.

The governments of the East Caribbean Currency Union issued a joint press release on Wednesday (Feb. 23) announcing that plans to have a new company take over the majority of BAICO’s business have been indefinitely delayed.
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