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.
An attorney for Lindberg, Aaron Tobin, issued a statement saying Lindberg and company officials agreed to the rehabilitation process and have been working with regulators.
Lindberg was charged earlier this year with bribery and conspiracy charges alleging that he sought to make political bribes in exchange for easier oversight of his companies.
Related:
- Future of Insurance Firms Owned by Indicted N.C. Campaign Donor Uncertain
- Focus Turns to Insurance Investor’s North Carolina Political Donations After Indictment
- Former N.C. Insurance Chief Goodwin Denies Aiding Indicted Political Donor
- 4 Indicted in North Carolina Insurance Commissioner Bribery Scheme
- North Carolina Insurance Head Sends Controversial Campaign Contribution to FBI
- Subpoena Issued to North Carolina Insurance Department Over Private Political Donor
- Feds Subpoena More Documents About Donor from North Carolina Insurance Dept.
- Secret Buyer of Beechwood Assets Unveiled as Global Bankers Insurance Group
Topics North Carolina
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