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

March 6, 2024

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 opinion by the North Carolina Court of Appeals was the correct one and will likely allow state insurance guaranty associations to begin paying claims to policyholders of Lindberg’s Bankers Life Insurance Co. and Colorado Bankers Life Insurance Co. The appeals court upheld a Wake County Superior Court judge’s decision.

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