BREAKING: Donald Trump gets nailed with bad news as New York Attorney General Letitia James pumps the brakes and demands proof that the company covering his $175 million bond is "financially sound."
This is the last thing that Trump needed...
In a new surprise filing with the court, James demanded the proof because she has serious concerns about Knight Speciality Insurance Company, the company underwriting the massive bond.
The filing states that James "hereby takes exception to the sufficiency of the surety" and notes that the company is operating "without a certificate of qualification."
New York law stipulates that such companies show that they're "solvent, responsible and otherwise qualified to make policies or contracts of the kind required."
Knight Speciality Insurance Company operates out of California and so James doesn't have access to the required information. She is demanding that they produce adequate evidence to show that they can cover the amount if Trump loses his appeal.
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@Millan464768 @Travis_in_Flint Really...Congress needs to pass and ban assault weapons and control guns. Hunter's gun did not shoot up schools, churches, or non-White people...so your point?