Global Growth Comments on Liquidation of Greg Lindberg's North Carolina Insurers
NCDOI did not approach us before filing their liquidation motion nor explain their reasoning.
- NCDOI did not approach us before filing their liquidation motion nor explain their reasoning.
- In this situation, liquidation doesn't need to happen at all, since there are other alternatives on the table.
- "The bottom line is going through the long process of liquidation makes no sense when the insurance companies can be sold today.
- In the end, the court's decision today means that policyholders are still the ones paying the price for Mr. Causey's actions."