N.Y. Regulator Subpoenas Broker About Trump Organization
- First regulatory action directed at Trump by Linda Lacewell
- Aon says company intends to cooperate with insurance probe
Trump Tower stands in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
New York’s insurance regulator issued a subpoena to the Trump Organization’s primary insurance broker, a person familiar with the matter said. It came just days after President Donald Trump’s former personal attorney testified to Congress that the president’s company sometimes misrepresented the value of its assets to insurance companies.
The subpoena, from New York’s Department of Financial Services, asks Aon Plc for details about its relationship with the Trump Organization and Trump himself, the person said. There’s no indication that Aon, which often works as an intermediary between insurance companies and businesses seeking policies, is suspected of any wrongdoing.