"Insurers Unwilling to Back Trump's $454M Civil Trial Bond"

1 min read
Source: Fox Business
"Insurers Unwilling to Back Trump's $454M Civil Trial Bond"
Photo: Fox Business
TL;DR

Former President Trump is facing challenges in obtaining a $454 million appeal bond for a New York civil case as nearly 30 insurance companies have declined to underwrite it due to difficulties with collateral and potential negative reactions. This comes after Chubb issued a $92 million appeal bond for Trump in a federal defamation case, prompting concerns and illustrating the headline risk for insurance companies. Trump's lawyers have requested a reduction in the bond amount, while the New York Attorney General taunts Trump about the interest he owes on the civil fraud judgment.

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