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In reply to the discussion: Chubb seems to think loaning TSF $91M is a "sound investment" [View all]Ocelot II
(124,087 posts)37. These threads are driving me nuts - some people still seem to think an appeal bond is a bad thing -
notwithstanding repeated efforts to explain how they work - and that TFG shouldn't have been "allowed" to obtain one. Should Carroll have been left to her own devices to try to collect the judgment when doing so would be expensive, slow, and possibly fruitless, when an appeal bond will absolutely protect her and ensure that she'll get paid automatically if (when) she wins the appeal? Why should we even care whether a gigantic insurer which is in the business of issuing this kind of insurance, knows how to evaluate the risks, and prices it accordingly, loses money (they won't; insurance companies aren't in the business of losing money)?
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Is it their money, or do they have a fiduciary obligation to their shareholders?
maxrandb
Mar 2024
#6
The poster I replied to had never heard of them, and suggested they were a small regional outfit
MichMan
Mar 2024
#24
Depends on the interest rate and collateral. Insurance companies are very (very) good at pricing "risk"
CincyDem
Mar 2024
#5
Assuming trump loses his appeal, it will be fun watching either the government or Chubb going after trump's assets.
Silent Type
Mar 2024
#15
They'll lose their money just as Mike Lindell has lost his money in service to the wannabe dictator.
Vinca
Mar 2024
#17
No, they won't. They wouldn't have written the bond if they thought they would.
Ocelot II
Mar 2024
#29
Not voting, but it is virtually certain that Chubb will not lose money on this surety.
onenote
Mar 2024
#25
These threads are driving me nuts - some people still seem to think an appeal bond is a bad thing -
Ocelot II
Mar 2024
#37