Puerto Rican Insurer Still Waiting on $524 Million Payment from Private Bankers Life & Annuity Co. Ltd Amid Legal Disputes with Founder Greg Lindberg

Universal Life Insurance Company (Ulico) has been ready for over 4 years for Private Bankers Life & Annuity Co. Ltd (PBLA) to pay them $524 million, plus curiosity, following an arbitration course of. The Puerto Rican insurer stays embroiled in authorized disputes with PBLA’s founder, Greg Lindberg, who was convicted in connection to the case.