In a recent interview with CNN, Don Hankey, the president and majority shareholder of Knight Specialty Insurance, revealed that he and his company provided $175 million in collateral to former President Donald Trump’s $175 million bond in New York. Hankey stated that Trump put up all the money as collateral for the bond, which was initially set at $464 million. However, the New York Court of Appeals reduced it to $175 million.

Hankey disclosed that he reached out to the Trump Organization last month when Trump was facing difficulties in assembling the bond. Despite initially planning to post a mix of investment bonds and cash as collateral, Trump ultimately decided to put up all the money. Knight Specialty Insurance approved the bonds, but they were not posted.

Despite their previous dealings, Hankey and Knight Specialty Insurance continue to support Trump and his ventures. The president did not contact Hankey directly; instead, Eric Trump reached out to thank him for his work on behalf of his father’s business interests. Although Don Hankey has supported Trump’s presidential campaigns in the past and intends to do so again in 2024, there is no indication that this recent deal was part of a larger effort by Knight Specialty Insurance to further support Trump or his businesses.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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