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Search resuls for: "Federal Insurance Company"


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Ten days ago, Chubb underwrote Trump's $92 million bond for his E. Jean Carroll defamation appeal. But Chubb declined to handle the far higher appeal bond Trump now needs in his NY civil fraud case. The insurance giant had faced blowback after agreeing to the Carroll bond. Chubb's "no, thanks" comes just five days after the company's CEO, Evan Greenberg, sent a letter to brokers, clients, and investors addressing widespread criticism over the Carroll bond. The Carroll bond was underwritten by Chubb subsidiary Federal Insurance Company.
Persons: Chubb, Trump's, Jean Carroll, Trump, Carroll, , Donald Trump's E, Evan Greenberg, Greenberg, Nick Newton, Newton, Neil Pederson, Pedersen, it's, Letitia James, James, Alan Garten Organizations: Service, GOP, Trump, Insurance, Business, Chubb, Insurance Company, National Association, Bond, Sons, New York, Trump Organization Locations: New York, York, AssuredPartners, Manhattan
Three days after Donald J. Trump posted a $91.6 million bond in the defamation case he lost recently to the writer E. Jean Carroll, her lawyer on Monday suggested she was considering filing yet another defamation lawsuit against the former president. The lawyer raised the prospect of a new lawsuit after Mr. Trump in recent days repeatedly lashed out at Ms. Carroll, using the same kind of disparaging language that led to the huge judgment against him in January. “The statute of limitations for defamation in most jurisdictions is between one and three years,” Roberta A. Kaplan, Ms. Carroll’s lawyer, said in a statement Monday morning. “As we said after the last jury verdict, we continue to monitor every statement that Donald Trump makes about our client.”In a separate court filing, Ms. Kaplan told the federal judge overseeing the case that she and Mr. Trump’s lawyers had reached an agreement on the details of his proposed $91.6 million bond. The bond — provided by Federal Insurance Company, an arm of the insurance giant Chubb — will prevent Ms. Carroll from collecting her multi-million-dollar judgment while Mr. Trump appeals the defamation verdict.
Persons: Donald J, Trump, Jean Carroll, Carroll, ” Roberta A, Kaplan, Donald Trump, Chubb Organizations: Federal Insurance Company
Trump must stow $500M cash in a bank to cover the appeal bond for his NY fraud case, experts say. His next appeal bond will cost him far more. By posting another appeal bond. Similar to the more familiar jail bond, an appeal bond is a promise of payment that's backed by collateral, meaning cash or property. The premium on a half-billion-dollar appeal bond could run anywhere from $250,000 to north of one million dollars, just to purchase the bond, experts guestimated.
Persons: Trump, , Donald Trump, Jean Carroll, Letitia James —, Sheriff, Eric Snyder, Snyder, Arthur Engoron, Wilk Auslander, He's, Julie Alleyne, Carroll, Chubb, Evan G, Greenberg, Neil Pedersen, Pedersen, Alleyne, Cash, Jeff Bezos, Elon Musk, Christopher Kise, — Chubb, Letitia James, James, Roy Rochlin, Justin Sullivan Organizations: stow, Service, Trump, New York, New, NRA, Fox, Wilk, Fidelity Association of America, Federal Insurance Company, Chubb Group, Sons, Forbes, Bloomberg, ABC, Midtown, Financial, Getty Locations: NY, Manhattan, New York, New York City, Americas, Midtown Manhattan, New Yorkers
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