In 2005, Donald Trump got a sweet $17 million insurance payment for severe hurricane damage to his Mar-a-Lago Palm Beach resort. According to the Associated Press though, there was no evidence of any damages to his property. Even Donald Trump himself admitted that he had pocketed lots of the money instead of spending it on imaginary hurricane repairs.
Under the terms of the policy, “you didn’t have to reinvest it,” he said.
In 2004 and 2005 there was a string of vicious storms to batter Florida. I was down here battling hurricane force winds. Except, I didn’t have any damages, like Trump. I didn’t make up a false claim, theoretically stealing from honest Floridians who pay for insurance.
According to Trump, Hurricane Wilma flattened trees behind Mar-a-Lago and significant damage was caused to the property. When on trial for another financial disposition, Trump was asked why he had pocketed the money instead of spending it on repairs.
Trump answered that repairs were ongoing, but he just couldn’t recall which damage was caused by which hurricane.
Even the insurance adjustor who assessed Mar-a-Lago at the time, Hank Stein of VeriClaim Inc., said there was damage to Trump’s golf course and to the resort, but couldn’t recall exactly. Don’t these people keep records? If Hank doesn’t still have the documents, didn’t VeriClaim hold on to it? Shouldn’t they revisit the issue?
Trump refused to provide the AP with records about the insurance claim.
Under local laws, if Trump needed major repairs that would have justified a whopping $17 million insurance payment, than he would have had to requested permits and pay permit fees. Though he did not.
“If there were $17 million dollars of damage, we sure as hell would have known about that,” said Palm Beach’s former city planning administrator.
Is this one of those benefits of being uber wealthy? You could steal $17 million in an insurance scam, but not have to pay it back?
According to AP’s great reporting, Mar-a-Lago was handled by a single insurance broker for Aon Risk Services Inc, Pamela Newman. Neither Newman nor AON would discuss the case with AP. Here’s the killer though, Neman though donated the maximum $25,000 into Trump’s presidential campaign!
Newman, I want answers!