KEY POINTS
- Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond, but the company backed out, a Trump Organization lawyer said.
- Chubb previously provided Trump’s $91.6 million appeal bond in writer E. Jean Carroll’s civil defamation case.
- In his New York civil business fraud case, Trump’s lawyers said they reached out unsuccessfully to more than 30 companies to secure a bond.
- Those companies include Warren Buffett’s Berkshire Hathaway, Liberty Mutual, Allianz, Chubb and Travelers, among others.
The most basic question for any insurer is : am I going to get my money back ?
It seems to me it would very difficult to imagine any possible scenario in which you get half a billion out of Trump on good day
. Trying to get it from Trump as President? Fuhgedaboudit
Getting the money back from him is easy if you write the correct terms into the contracts. I think they are scared that Trump will try to get “revenge” against them for taking their money back should he lose his appeal.
Not really easy if he does not have the actual money. Which, it seems, he does not.