Paperwork wouldn’t have been a problem; even Trump knows that there would have been paperwork. But I do agree that he was shopping around for something better. Better to him, anyway; somebody with a less-expensive fee, somebody who wouldn’t scrutinize him so closely, somebody with whom he could negotiate subrogation terms, and so on.
My guess is that he hates the terms he agreed to with Chubb, but signed with them as a backup, just in case his extension was not granted. If it was, he would have been shopping around for somebody else. If it wasn’t, he at least had a backup.
I heard Chub insurance company. Or is it Chubb? I only heard it spoken.
I wonder why he didn’t just take the money out of his checking account? I’m told he’s rich.
Looking at Chubb, I’ll defer to those in the thread regarding their acumen in collecting. But… to me at least, they’re banking (snerk) on Trump losing the election. Because he’s flat out said he’ll throw out the Constitution and laws “if only” long enough to break all his enemies (fat chance).
If that’s the case if Chubb is lucky he strong arms NY (we’re cutting off all federal funds unless you make this go away, or we could just send in people to arrest you) and Trump gets his money back.
Otherwise, again if Trump wins, I suspect he’ll call his Chubb rep and say “Now forget about that money, or I’ll have your ability to do business in the US cancelled. Or a drone could like, go off target…”
I’d be very interested to know the calculus behind their choices. Or if the loan is secured by funds that are outside the US, whether Trump’s own, or those of others.
I deal with Chubb for work as they’re the ones who handle our workers compensation insurance. I’m a little surprised to see they’re the ones who made it possible for Trump to post bond. I had no idea this was something they’d be willing to do for anyone.
The judge has given Carroll an opportunity to object to the bond. So it’s not a done deal until Monday now. Is that normal procedure?
Would she be better off accepting the bond, pending appeal outcome or going after properties right now?
I think it makes more sense if Vlad said “I can’t just GIVE you the money, but if you get a bond from a company incorporated in say, Switzerland, I can make sure the funds are there to back it up”
I assume it’s rather routine, giving the plaintiff a chance to say "Chubb? They ain’t got no money> or other defects in the bond. With major insurer, I don’t expect any objection. As has been stated, Carroll’s ability to collect after appeal just got really easy.
One factor in getting the bond might be that the CEO of Chubb, Evan Greenberg, was appointed to the Advisory Committee for Trade Policy and Negotiations by Trump. Perhaps this was Trump calling in the favor.
