RALEIGH, N.C. (AP)
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 Thursday 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.