Sept. 12, 2022
Retirees’ returns uncertain as firm fights regulator over $1.2B
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Travis Fain discusses North Carolina’s efforts to rehabilitate insurance group
A fight between a North Carolina-based group of insurance companies and the state regulator that took control of them is in its fourth year — a saga that includes $1.2 billion and has endured allegations of bribery and fraud. As the dispute drags on, some investors wonder if they’ll die before getting their money back.
