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One of the Manulife offices on Bloor Street East in Toronto. The insurers third-quarter profit topped $1-billion.
One of the Manulife offices on Bloor Street East in Toronto. The insurers third-quarter profit topped $1-billion.
(Glenn Lowson For The Globe and Mail)

Caribbean class action appeal targets Manulife

Manulife Financial Corp.’s court battle with former insurance policy holders in the Caribbean is heating up again.

Canada’s largest insurer by market cap is in the Ontario Court of Appeal this week to respond to arguments made in a class action lawsuit brought on behalf of 8,000 Barbadians, demanding $81-million plus interest. A lower court ruled in favour of Manulife in the summer of 2012.