Southland National Insurance Corp. News

NC High Court Allows Liquidation of Lindberg Insurers; He Owes $524M in Fed Case

Greg Lindberg, the North Carolina insurance and business executive now awaiting sentencing on a bribery conviction, can’t escape a $524 million arbitration and civil judgment against him, a federal appeals court decided this week. Also this week, the state Supreme …

Federal Court Says Lindberg and Firms Must Pay $167M to Defunct Dutch Insurer

Former insurance executive Greg Lindberg, now awaiting sentencing in a North Carolina bribery conviction, and his companies must pay almost $167 million to an insolvent life insurance company in the Netherlands, a federal judge decided last week. “There is nothing …

Lindberg Convicted in Second Trial on Attempting to Bribe NC Insurance Commissioner

A federal jury on Wednesday convicted Greg Lindberg, who once controlled two life insurance companies, a reinsurance company and multiple other businesses, and his co-defendant John Gray, of attempting to bribe the North Carolina insurance commissioner in 2018. It was …

NC Appeals Court Gives Green Light to Liquidation of Lindberg Insurance Firms

Former North Carolina insurance and business mogul Greg Lindberg has lost an appeal on whether one of his companies can delay the liquidation of two of his troubled life insurance carriers. North Carolina Insurance Mike Causey said the March 5 …

Appeals Court Upholds Lindberg Fraud Judgment But Orders Damages to Be Determined

Former insurance executive and businessman Greg Lindberg was found liable for fraud in 2022 in connection with his insolvent insurance companies, but the North Carolina county court did not award damages. Lindberg appealed. But so did four of his former …