Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says

Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond, but the company backed out, a Trump Organization lawyer said.

The attorneys in that filing asked the appeals court to "put the brakes" on the judgment before New York Attorney General Letitia James can start to collect on it — a process that could begin as soon as next week. James has said she will seize Trump's assets if he cannot pay the judgment.A panel of judges on that court has yet to rule on Trump's request to pause the judgment without him having to post a fully secured bond.

"Though disappointing, this decision was not surprising given that Chubb was the only surety willing to even consider accepting real estate as collateral," Garten said. On Wednesday, Greenberg sent a letter to investors, customers and brokers who had expressed concerns about that bond. They said it would be"impossible" for them to post a complete appeal bond, despite their"diligent efforts."

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