One of the articles that discuss Knight Specialty not filing the paperwork is here:
Donald Trump’s $175m Bond Rejection Raises Questions (msn.com)
I don’t know the requirements for Surety Bonds, but I was able to look up Knight Specialty on the NAIC website.
Consumer Insurance Search Results - CIS (naic.org)
I see that there is both Knight Specialty and KnightBrook as part of the Group.
KnightBrook does have their financial statements publicly available on the California Department of Insurance website.
Knight Specialty is domiciled in Delaware. You can view the financial examination report from 2019 on the Delaware Department of Insurance website. The NAIC website shows 138 million in capital and surplus for Knight Specialty.
Guilderland Re which is listed also, has like 5 million in assets so that is useless to the bond.
Anyone know the requirements for posting a Surety Bond in NY? Do you have to have enough liquid assets or what is the minimum?
I suspect that Knight Specialty doesn’t have enough liquid assets to meet the criteria. Maybe they have some money in the Cayman’s through Knight Insurance Company, Ltd.