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QCB issues regulations for digital insurer activities in Qatar

QCB issues regulations for digital insurer activities in Qatar

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FOX and Friends

thrown out. >> ainsley: lydia hu is outside of the courtroom for more. >> they question whether the insurance company that is underwriting this $175 million bond could actually pay it if they had to. those lawyers writing this. night specialty insurance company is a small insurer not authorized to write business in new york and thus not regulated by the state's insurance department. had never before written a surety bond in new york or in the prior two years in any other jurisdiction and has a surplus of $138 million. which is less than 175 million needed. another issue these lawyers raise at the attorney general's office is who has access to the collateral trump posted to secure the bond. executives say the former president put up cash in a brokerage account. the a.g. says trump still has

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Americas Newsroom

insurance company and the new york attorney general's office. lawyers for the a.g. are asking the court to invalidate this $175 million bond because they have questions about whether the insurance company could actually pay that bond if they had to. lawyers for the attorney general's office write this. knight specialty insurance company is a small insurer that is not authorized to write business in new york and that's not regulated by the state's insurance department and has a total policy holder sur plisse of just $138 million. less than the $175 million needed. but executives with knight specialty say the former president put up cash in the form of a brokerage account as collateral. the a.g. says that trump still has access to that account and so they argue it is not secure. you may recall an appeals court reduced the amount of the bond to $175 million from roughly

New-york-state-supreme-court , Bond , Lawyers , Insurance-company , Questions , New-york-attorney-general-s-office , Attorney-general-s-office , A-g- , 75-million , 175-million , State , Knight-specialty-insurance-company

Morning Joe

million bond has the funds to back it up. lisa, what's the mash she's doing here, and is it possible the bond could be voided? if it is voided, what happens? >> let's start with if it is voided, what happens? the current bond would stay in place until donald trump posts new security, either by posting $175 million and putting it in escrow with the court himself or finding another bond company. one of the things that tish james has said here is that donald trump's folks have hid the ball, that they did have an offer from don hinkie, who is the insurer here, to cover all of the bond had it remained at $454 million plus, but they never told the court that. instead, what they told the court was, we have 30 different bond companies we went out to, and none of them would cover the entirety of it. so let's start with today, what judge engoron has to decide, is whether this existing $175 million bond is sufficient.

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Trump on Trial New York v. Donald Trump

trump takes the stand as he's claimed that he will. in another manhattan courtroom today, the question is whether the insurer that provided donald trump a $170 million bond has the financial strength to issue the guarantee. now if the judge rules against him, mr. trump will have ten days to come up with the cash. also for the first time today in the florida classified documents case, witness statemented that had been redacted have been made public. back in new york tomorrow, judge merchan will hold a hearing about trump's gag order. did he violate it and if so, what could be the consequences? and as if all that isn't enough, on thursday, the supreme court will hear oral arguments on his claims of presidential immunity even as he is back in a new york courtroom. to say this is a consequential week for him is an

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National News: Non-smokers get cancer too, insurer can't stub claim | India News – Rashtra News

Non-smokers get cancer too, insurer can’t stub claim | India News - Rashtra News : Rashtra News #Nonsmokers #cancer #insurer #stub #claim #India #News #Times #India AHMEDABAD: A consumer court here has ordered an insurance company to reimburse the expenditure on medical treatment for lung cancer after the company refused mediclaim on the grounds that

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Alex Witt Reports

have the assets to do this bond and that it should not have been allowed and it won't be allowed and the judge is going to say, nope, you can get a bond, sir, but it's not going to be from them and that is going to potentially result in proceedings taking place to go find assets to cover the judgment. >> so, just the math right there is rather stunning but also, this is an insurer that is not authorized to write business in new york. it is not recognized by new york state. i mean, it just seems like from all sides it is coming out it. anyway, to you, jonathan, because, obviously, it's a big week ahead for trump. you had a seat in the court. as he wrote, your new york times opinion piece, the theme of last week was trump had to sit in a new york courtroom he despises and listened as prospective jurors were not selected trashed him. his opening statements are beginning of this hush tourney -- money trial tomorrow. do you expect trump trashing to remain this theme of the next six weeks?

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Alex Witt Reports

it is a huge threat for donald trump. the blistering brief we got from the office on friday really paints a picture here but i can just cut to the chase on this. there is a lot of other stuff in here about cayman islands, holding companies and all this other stuff. i encourage people to take a look at this document. the real kicker is math. the company that he got to do the bond only has a surplus of $138 million. this is a bond for $175 million but it gets worse. under new york law, an insurer is only allowed to write a risk of up to 10% of that surplus. so, the biggest thing that he could have done here is 13.8 billion. not 175 million. so, there is a very strong case to be made that night does not

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The Last Word With Lawrence ODonnell

is that the collateral that the bondholder says he has from donald trump, $175 million of so-called cash, there's a possibility that donald trump has pledged that money in other directions. >> so, this question is certainly raised. there's a schwab account that apparently has a $175 million in it presently and notes that they didn't redact the account number from the public internet filing, this moment it has $175 million in it and the question is, given that trump and trump's businesses are in business with this insurer, and with others, where else has this schwab account been pledged why is it still in his control as opposed to being deposited. there are a lot of questions being raised here. >> there will be a hearing next

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The Last Word With Lawrence ODonnell

case, the trump lawyers filed a explanation of that bond last night. we had it for the day. what do you see in the bond? >> the first question it raises is why is it this take? why is it on hundred and 14 pages of material when a bond written by a licensed insurer is for pages, you really want to know what is going on. >> one of the possibilities is the collateral the bondholder says he has from trump, 175 million cash. there is a possibility that trump has pledged that money in other directions. >> this question is certainly raised. there is a schwab account that has 175 million in it presently. they note they did not redact

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