The New York AG is questioning whether the California company that underwrote Donald Trump's $175 million bond is financially qualified to handle a bond of that size.

Letitia James asked the firm to show it’s capable of paying the bond if needed.

New York Attorney General Letitia James questioned Thursday whether the California company that underwrote former President Donald Trump’s $175 million bond in his New York civil fraud case is financially qualified to handle a bond of that size.

In a court filing, James requested that Knight Specialty Insurance Company submit papers demonstrating it is financially capable of paying the bond should Trump lose his appeal in the case.

The California company is not registered with the New York Department of Financial Services.

  • dogslayeggs@lemmy.world
    12·
    7 months ago

    EDIT: I was mostly wrong. He insures subprime auto loans.

    Original post: It isn’t an insurance company. It’s a guy who owns a company giving subprime auto loans and then repos as soon as they default. Fuck this guy, but he’s not an insurance company.