Joe.My.God. LGBT News
The New York Times reports:
The bond is a promise from the company offering it — Federal Insurance Company, an arm of the insurance giant Chubb — to cover Mr. Trump’s judgment if he loses his appeal and fails to pay.
In exchange, Mr. Trump must pay the company a premium and pledge collateral, including as much cash as possible. The terms of Mr. Trump’s deal have not been publicly disclosed, but bonding companies often charge a fee of anywhere between 1 and 3 percent, and require enough collateral to cover the bond.
In a court filing Friday morning, Mr. Trump’s lawyer, Alina Habba, asked Judge Kaplan to approve the bond as “adequate and sufficient” to block Ms. Carroll from collecting the award before Mr. Trump’s appeal is decided.
Read the full article.
Looks like the E Jean Carroll bond was guaranteed by a subsidiary of the Chubb Group. Trump appointed Chubb Group CEO Evan Greenberg to the Advisory Committee for Trade Policy and Negotiations in 2018. So I guess he owes him one. pic.twitter.com/ddQvmYl5VL
— Mueller, She Wrote (@MuellerSheWrote) March 8, 2024
Chubb (Ticker: CB), a publicly traded company, underwrote Trump’s $91.63 million E Jean Carroll bond. Shareholders should question this support for an adjudicated rapist.
— Molly Ploofkins™ (@Mollyploofkins) March 8, 2024
On Trump’s Carroll case bond.
1) The $91,63M surety bond is via Federal Insurance Company
2) FIC is a division of Chubb
3) The New York AG claimed Trump once personally misled a Chubb appraiser about the size of his triplex apartment pic.twitter.com/dLriKTkBfJ— Graham Kates (@GrahamKates) March 8, 2024
Meet Evan Greenberg, Chairman and CEO of the Chubb Group. Also appointed by Trump in 2018 to the Advisory Committee for Trade Policy and Negotiations. Chubb posted the TFG’s bond. Always follow the money and the favors—always. Does Evan want to be Treasury Secretary? pic.twitter.com/EVe3S50pTw
— Geoff
(@GeoffBrown82) March 8, 2024
