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(The Center Square) – North Carolina Insurance Commissioner Mike Causey is celebrating a Wake County Superior Court decision this week to liquidate two financially troubled insurance companies once led by billionaire Greg Lindberg.

The Monday court order from Judge Graham Shirley granted a Nov. 1 request from Causey to place Colorado Bankers Life Insurance Co. and Bankers Life Insurance Co. into liquidation, which means obligations will be assumed by state guaranty associations.

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