Court Allows Take-Over of Lindberg’s Companies

Court Allows Take-Over of Lindberg’s Companies

Court lets regulator take over donor’s insurance companies

Posted July 1

 — North Carolina’s insurance commissioner is taking over four insurance companies controlled by a businessman charged with trying to make political bribes.

A Raleigh-based state judge issued an order on Thursday allowing Insurance Commissioner Mike Causey to take over the companies that are controlled by Greg Lindberg and based in the state. Causey said in a legal filing that he had concerns about whether the companies had enough liquidity to meet obligations.

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