"Trump's Bond Woes: Chubb Ends Talks, Fox News Host Blasts Billionaires"
Originally Published 1 year ago — by CNBC
Insurance giant Chubb ended talks with Donald Trump and his co-defendants for a $464 million appeal bond in a civil fraud case, days after providing Trump with a bond in a separate case. Trump's lawyers asked a New York appeals court to pause the judgment before New York Attorney General Letitia James can start to collect on it. Chubb faced scrutiny for underwriting Trump's bond in the separate case and faced backlash for considering real estate as collateral. Trump criticized the requirement to post a large appeal bond, claiming it would force him to sell assets at "fire sale prices."