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State DFS Investigating Trump Organization’s Insurance Policies & Claims

The New York State Department of Financial Services (DFS) issued an expansive subpoena to the Trump Organization’s longtime insurance broker, Aon. It is reportedly the first step in an investigation of insurance policies and claims involving President Trump’s family business. The subpoena was served late Monday to Aon, one of the largest insurance brokerage firms in the world, as part of an inquiry by DFS just days after Michael D. Cohen, Mr. Trump’s former personal lawyer indicated in congressional testimony that the Trump Organization inflated the value of its assets to insurance companies. DFS does not conduct criminal investigations or have authority over Mr. Trump or the Trump Organization, but can refer any possible illegal activity to prosecutors.

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