Trump Organization’s Insurance Broker Subpoenaed by N.Y. Regulators
The organization is also being looked at by federal prosecutors and congressional Democrats.
Leah Millis/Reuters
New York State regulators have issued a subpoena to the Trump Organization’s insurance broker, Aon. The expansive subpoena, which is part of a probe by the N.Y. State Department of Financial Services, comes just days after Michael Cohen, Trump’s former personal attorney, implied in congressional testimony that the Trump Organization inflated the value of its assets to insurance companies. The subpoena is the first step in an investigation of insurance claims involving Trump’s business, according to a person close to the matter. It shows that the Trump Organization is facing scrutiny from not only federal prosecutors and congressional Democrats, but also insurance regulators.
On Monday, the House Judiciary Committee sent requests for documents from nearly everyone in Trump’s orbit. The requests kicked off the committee’s investigation into possible obstruction of justice and abuse of power. Meanwhile, federal prosecutors in Manhattan are investigating the Trump Organization’s role in hush-money payments to two women who claimed to have had affairs with Trump.
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