To the surprise of many, failed one-term president Donald Trump was able to secure the financial assistance of a large multinational insurance company to underwrite the $91.6 million bond for his appeal of defamation verdicts awarded to writer E. Jean Carroll in January.
According to the Washington Post, the Federal Insurance Company, a subsidiary of Chubb Group LLC, provided the massive bond guaranty.
The bond document establishes a deal Trump made with Federal Insurance Company, a direct subsidiary of the international insurance behemoth Chubb, with global headquarters in Switzerland. The company, one of the largest insurance firms in the world and worth about $100 billion, offers a wide variety of insurance and bonds.
The company’s filings do not break down in detail its business that backs court appeals, but the larger unit — called a “surety” business — consists of several entities and is a longtime provider of bonds in the United States, according to bonding experts.
Chubb, it turns out, has extensive ties to Russia and the Kremlin, with environmental nonprofit group Rainforest Action Network (RAN) reporting on its website, “Chubb CEO Evan Greenberg talks a big game on climate change, but those words ring hollow when examining his company’s business practices. Chubb insures fossil fuel infrastructure in Russia that is bankrolling Putin’s war on Ukraine, oil and gas extraction off the coast of Brazil, exploratory drilling in the Arctic, and other fossil fuel projects globally.”
Former New York Times investigative reporter Seth Abramson also notes that Chubb has significant Russian connections.
“This is the biggest news in the United States right now. Anyone who reads this article will understand that I’m not exaggerating when I say as a journalist that America is now in the midst of a national security crisis. We are now right back where we were in 2016. It’s bad,” Abramson warned on Twitter/X.”
It has long been suspected that Trump and his company, the Trump Organization, have connections to Russian entities. The disgraced ex-president has repeatedly praised Russian president/war criminal Vladimir Putin, recently saying that if he manages to defeat President Joe Biden in November, he will allow Russia to “do whatever the hell they want” to NATO nations who don’t pay enough for their security.
The national security implications of Trump taking money from a company that invests heavily in Russia are massive and terrifying, especially since the ex-president is scheduled to start receiving weekly national security briefings now that he’s been declared the presumptive 2024 Republican presidential nominee by the GOP.
Can we as a country allow this to transpire right in front of our eyes and not demand accountability from both Chubb and Trump? At the very least, the Department of Justice needs to take a long hard look at the bond agreement and see if it violates federal law in any way whatsoever.
