Lindberg Firms Taken Over
North Carolina Regulator to Take Over Firms Owned by Embattled Insurance Investor
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 June 27 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.
More trouble for Greg Lindberg, AAPC’s owner.
Please read the rest here. NC Regulators to Take Over