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Greg Lindberg Announces Sale of His North Carolina Insurers For $307 Million

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Greg Lindberg Announces Sale of His North Carolina Insurers For 7 Million


DURHAM, N.C., Dec. 5, 2022 /PRNewswire/ — A binding inventory buy settlement for the sale of all of Greg Lindberg’s North Carolina insurance coverage firms was signed on Friday, Lindberg reviews. The sale of inventory by GBIG Capital, LLC to Common Monetary Holdings, LLC will enable all 4 of Lindberg’s North Carolina insurance coverage firms to exit rehabilitation and can enable policyholders to entry all of their coverage advantages upon closing, Lindberg says. 

“The client group is backed by reinsurance from an funding agency with over $1 billion in capital below administration and features a well-respected former insurance coverage regulator,” Lindberg reviews.

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Upon completion of this sale transaction, together with belongings held in reinsurance trusts, the North Carolina insurers previously owned by Lindberg may have $337 million of capital and surplus and may have $3.22 billion in whole belongings. Whole money and liquid belongings, together with belongings held in reinsurance trusts, shall be $2.1 billion which is equal to roughly 95% of the present annuity account worth – a very excessive liquidity quantity in relation to annuity account worth.

“With $337 million in capital and surplus and $2.1 billion in liquidity the insurance coverage firms will likely be able of wonderful monetary power to fulfill all policyholder obligations,” Lindberg reviews.

International-Progress associated belongings which are backing policyholder liabilities (apart from belongings within the surplus account) shall be not more than $462 million and shall include belongings which are absolutely underwritten and authorized by the customer group, Lindberg says. All of those belongings are in current change of management or change of possession trusts with unbiased trustees which were authorized by quite a few regulatory our bodies, lenders, and banks as being not affiliated or managed by Greg Lindberg.

Lindberg says that the sale is contingent on approval of the brand new possession group from the North Carolina Division of Insurance coverage.

“I’ve carried out my half to guard policyholders. Now it is as much as NC Insurance coverage Commissioner Mike Causey to do his half and approve this sale so policyholders can entry their funds,” Lindberg says.

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As soon as this sale transaction closes policyholders will be capable of entry their full coverage advantages, Lindberg says. 

“Mr. Lindberg has endured quite a few federal and state claims concerning his insurance coverage operations over the past 4 years. This sale signifies that these claims have been demonstrably false,” says Susan Estrich, spokesperson and legal professional for Lindberg. “It is time to cease canine piling claims on Lindberg and permit this sale to proceed so policyholders can entry their funds,” says Estrich.

Lindberg reviews that International Progress has over $1.2 billion in pending transactions to facilitate International Progress’s exit from the insurance coverage enterprise. “The fixed stream of false accusations about me and my firms solely serves to hurt our entry to capital markets. None of this helps policyholders,” Lindberg says.

About Greg Lindberg. Greg Lindberg is an entrepreneur, a management coach, an writer, and a father. His newest e-book describing his time at Federal Jail Camp Montgomery might be downloaded at www.greglindberg.com or bought on Amazon. Over the course of his profession, he has acquired and reworked greater than 100 firms that had been both failing or underperforming, every time discovering and empowering nice expertise—individuals with the identical dedication to laborious work, studying, entrepreneurship, and a roll-up-your-sleeves perspective. Immediately, these firms are price billions of {dollars} and make use of 7,500 individuals. In 2020, he based Interrogating Justice, a non-profit group whose mission is to deliver consciousness and assist advance options that maintain corrupt authorities actors accountable, guarantee equity in sentencing, help reentry, and supply entry to justice for all. To study extra go to:https://interrogatingjustice.org/

SOURCE Greg Lindberg

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North Carolina

Apex father of 3 represents North Carolina in 2025 Presidential Inauguration

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Apex father of 3 represents North Carolina in 2025 Presidential Inauguration


APEX, N.C. (WTVD) — Colonel Josh McConkey has spent more than two decades serving our country, in both the Army and Air Force Reserve. He’s now a Commander at Andrews Air Force Base of the 459th Aeromedical Staging Squadron.

“I’ve got to do some pretty special things. I spent time with combat search and rescue. I’ve flown as a flight surgeon, spent time in Rwanda with the State Department,” Col. McConkey told ABC11.

On Monday though, he’ll get to do something that will mark a first for the decorated servicemember, leading the Air Force Reserve delegation at the 2025 Presidential Inauguration.

“I marched a lot when I was a kid and grown up in marching band. So, this is a lot of fun for me, but being able to take part in something like this, being a part of history is pretty special,” Col. McConkey said.

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He leaves Thursday to head to Washington DC with months of preparation leading up to this once-in-a-lifetime moment.

ALSO SEE: Biden, in farewell address, warns about dangers of unchecked power in wealthy

“A lot of logistics and security: we received a 108-page PowerPoint presentation just to go over. There’s a lot of history behind that, a lot of procedure and then the security concerns alone. So, you know, things have been very tight lipped on that, but the practices we’ve done three or four practices and you’re marching out in the cold and the snow. Hopefully it’s going to be above freezing on Inauguration Day,” McConkey said.

When not serving in the Air Force Reserve, Col. McConkey is an ER doctor in the Triangle, an author, the founder of a non-profit organization – and his proudest titles: husband and father of three.

He’s excited to represent North Carolina next week.

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“I grew up in a very small town in rural Nebraska and always looked up to military veterans,” he said. “Just to be a part and represent the military and something this historic is, you know, for me is pretty special.”

Copyright © 2025 WTVD-TV. All Rights Reserved.



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Sources: Belichick adds 2 veteran coaches to staff

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Sources: Belichick adds 2 veteran coaches to staff


Bill Belichick’s first coaching staff at North Carolina continues to come together.

Longtime NFL special teams coach Mike Priefer and veteran SEC offensive line coach Will Friend are expected to finalize deals to join Belichick’s staff, sources told ESPN.

After coaching for nearly a decade in college, Priefer started in the NFL in 2002 and was a special teams coordinator in the NFL from 2006 to 2022. He is noted in Browns history as serving as the head coach in a January 2021 wild-card victory over the Pittsburgh Steelers, which is the franchise’s only postseason win since the 1994 season. Priefer stepped in for Kevin Stefanski, who watched the game at home with COVID.

Priefer was the special teams coordinator for the Chiefs (2006-08), Broncos (2009-10), Vikings (2011-18) and Browns (2019-22). He brings ties to the Naval Academy, something he shares with Belichick and his family. Priefer is a Navy graduate and served as a graduate assistant there.

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Friend worked last season as Western Kentucky’s offensive coordinator. He brings strong recruiting ties in the South, having worked at Georgia, Tennessee, Auburn and Mississippi State as the offensive line coach. He has also worked as the offensive coordinator at Colorado State and WKU.

Friend has a long history of developing linemen for the NFL.

With Priefer and Friend, there are six known members of Belichick’s staff, which includes longtime NFL coach Freddie Kitchens as the offensive coordinator and veteran NFL coach Stephen Belichick as the defensive coordinator.

The hires line up the objectives of Belichick, who has stressed that he wants to run the Tar Heels like a pro program.

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Before taking the UNC job, Belichick told ESPN’s Pat McAfee that if he were to run a college program, it would be a “pipeline to the NFL for the players that had the ability to play in the NFL.”

He added: “It would be a professional program. Training, nutrition, scheme, coaching, techniques that would transfer to the NFL. It would be an NFL program at a college level and an education that would get the players ready for their career after football.”



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Dozens in western NC kicked out of hotels Tuesday despite FEMA extending deadline, officials say

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Dozens in western NC kicked out of hotels Tuesday despite FEMA extending deadline, officials say


Despite the Federal Emergency Management Agency (FEMA) extending the deadline, dozens of people in western North Carolina were left without shelter Tuesday night after being kicked out of the hotels FEMA provided as temporary housing for those impacted by Hurricane Helene.

On Monday, FEMA announced it was extending the deadline for its Transitional Sheltering Assistance (TSA) program for victims of Helene in western North Carolina.

Through the program, FEMA paid for hotel and motel rooms for thousands of people displaced by Hurricane Helene.

Tuesday just before 3:30 p.m., FEMA said on X that “current eligible occupants can remain in their lodging through the end of March 2025.”

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But hours later, Senator Ted Budd posted this message on X:

“My office is hearing from dozens in WNC who have been kicked out of their hotels tonight, despite FEMA’s announcement yesterday that they were extending Transitional Sheltering Assistance through January 25.

“This is unacceptable. This needs to be fixed TONIGHT.”

Senator Thom Tillis also called out FEMA Tuesday night on X:

“My office has been helping dozens of Helene victims today who have been told their hotel vouchers expired despite not having a safe and livable home to go back to. Their homes have mold and broken windows…it’s 20 degrees tonight. Hotels are trying to help them, and a number of nonprofits are stepping up to pay for victims to stay in their hotels so FEMA has another day to get its act together.

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“This is a total breakdown on the part of FEMA.”

This comes after Governor Josh Stein was in western North Carolina that same day.

On Tuesday, Stein posted a photo of himself eating a BBQ sandwich at JRO’s in Canton.

Gov. Josh Stein eating sandwich in Canton Tuesday (Photo: Josh Stein Facebook)

“My team and I have been working hard to maintain temporary housing assistance for people in western NC,” the governor said Monday, one day prior, on X.

Senator Budd said later on Tuesday that he had been in contact with FEMA Administrator Deanne Criswell and encouraged those in need of assistance to contact his office at budd.senate.gov.

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WRAL News reached out to FEMA, and this was the agency’s response:

“If any survivors still need housing assistance or feel their TSA eligibility ended in error, they should immediately call the FEMA helpline at 1-800-621-3362.”

If you were impacted by this situation and would like to share your experience with WRAL, go to wral.com/reportit.



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