The article discusses how Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in his civil fraud case, but Chubb backed out days after providing a bond in a separate case. The attorneys for Trump asked the appeals court to pause the judgment before New York Attorney General Letitia James can start collecting on it. Chubb was the only company willing to consider underwriting an appeal bond secured by a blend of liquid assets and real property.
**Highlights:**
1. Chubb backs out of providing a $464 million appeal bond for Donald Trump’s civil fraud case, causing complexities in the legal proceedings.
2. Trump’s attorneys seek to pause the judgment to prevent the New York Attorney General from seizing Trump’s assets if the judgment cannot be paid.
3. Other insurance companies, like Warren Buffett’s Berkshire Hathaway, Liberty Mutual, Allianz, and Travelers, were unwilling to accept real estate as collateral for the appeal bond, leading to challenges in securing the bond.
**Summary:**
The article details the challenges faced by Donald Trump in securing an appeal bond for his civil fraud case, with Chubb backing out of the deal after initially considering it. The legal proceedings are complex, with Trump’s attorneys seeking to delay the judgment to avoid asset seizures by the New York Attorney General. Other insurance companies’ reluctance to accept real estate as collateral poses further obstacles in obtaining the necessary bond.
Editorial content by Blake Sterling
