Greg Lindberg accomplice settles with insolvent insurers for $75k

November 20, 2023 by John Hilton

A top executive to disgraced financier Greg Lindberg agreed to settlement terms with four insurance companies once owned by Lindberg and now in liquidation.

Settlement terms call for Christopher Herwig, who the Securities and Exchange Commission accused of teaming with financier Lindberg to defraud investors of $75 million, to pay $75,000 to the insurance companies to resolve their civil lawsuit.

The plaintiffs – Southland National Insurance Corp., Colorado Bankers Life Insurance Co., Bankers Life Insurance Co. and Southland National Reinsurance Corp. and relevant liquidators – have been trying to unwind Lindberg’s business empire since his financial troubles began in 2019. 

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Originally Posted at InsuranceNewsNet on November 16, 2023 by John Hilton.