Wow, someone actually finally managed to force Trump to pay a bill.

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[–] 107 points 2 years ago* (13 children)

It was definitely not directly from Trump.

Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.

Let me save you some trouble:

Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world

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  • [–] 35 points 2 years ago* (2 children)

    Of course it's the Chubb group. Of course. It's funny they are supposedly a huge corp, but the only time I hear about them is when they're meddling and buying politicians

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  • [–] 10 points 2 years ago (7 children)

    I wonder what kind of insane terms are on that loan

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  • [–] 8 points 2 years ago (2 children)

    Not that it would matter. Trump doesn’t honor agreements.

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  • [–] 6 points 2 years ago* (2 children)

    I think he probably put up a building or two as collateral, kind of like a HELOC. If it's not paid back, they repo the building(s).

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  • [–] 9 points 2 years ago (1 child)

    I hope they got their own appraiser, because the Trump org is infamous for making up numbers. Better check the paperwork at city hall, too, to make sure there are no undisclosed mortgages, leans, or easements on the property.

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