Insolvent Insurers’ Owner Opposes Injunction After Ordered To Pay $576M Judgment

(January 22, 2024, 2:43 PM EST) -- GREENSBORO, N.C. — The owner of insolvent insurers filed a brief in a North Carolina federal court, opposing an insurer’s motion for an injunction to prevent the owner from transferring assets after a North Carolina federal judge issued a judgment requiring the owner to pay more than $576 million pursuant to a personal guaranty for a reinsurance agreement....