Policyholders stick with BF&M despite lawsuit

BF&M’s policyholders appear to have decided to stick it out with their company in the wake of a multi-million dollar lawsuit against the firm.BF&M’s main local rivals, Colonial Insurance and Argus Insurance, said they have seen little or no new business as a result of BF&M’s legal problems.Last week, the liquidators of Bermuda Fire & Marine brought a lawsuit in an attempt to gain control of BF&M’s assets to pay overseas creditors, who are estimated to be owed.in excess of $100 million.