"In normal circumstances, defendants like Trump would tap a surety company overseen by state regulators at DFS, which verifies that an insurer is “solvent, responsible and otherwise qualified to make policies or contracts of the kind required.” But Knight Specialty appears to be helping Trump with an alternate option: operating through what’s called the “excess and surplus lines insurance” market."
Trump’s $175 Million Bond Is Even Shadier Than It Looks
BOILERPLATE
New information shows that the insurance company that swooped in and bailed out Trump with a $175 million bond isn’t on a list of vetted companies—and wrote a bizarre contract.
Read more
.jfif)
No comments:
Post a Comment