'Unusual Provision' in Chubb's Donald Trump Bond Draws Scrutiny

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Insurance company could be forced to pay E. Jean Carroll in 60 days if Trump doesn't come up with the money

The insurance company that provided the bond for Donald Trump's $91.6 million bond in the E. Jean Carroll defamation case has just 60 days to pay the entire amount if the former president loses his appeal.Joyce Vance, a former U.S. attorney in Alabama who was nominated by then-President Barack Obama and long-time Trump critic, has called the provision 'unusual' in such contracts.Trump had to post the entire $83.

The former president has already been ordered to pay $88.3 million for two defamation cases that Carroll took against him. Both cases stem from Carroll's claim that Trump sexually assaulted her in a department store dressing room in the mid-1990s and Trump's subsequent denial of those claims.Speaking at a campaign rally in Rome, Georgia, on Saturday, Trump said that Carroll has made 'false accusations' against him. He also railed against the bond he had to pay.

 

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