This statement came in response to lawyer Dave Kingman's assertion that the insurance company wouldn't be able to secure the bond for Trump.

Newsweek explains:

Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties.

A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4.

Newsweek sought email comment from Knight Specialty Insurance and Trump's attorney on Monday.

Trump must post the $175 million bond to prevent James from beginning enforcement proceedings after a judge fined the former president $454 million in February for fraudulently inflating the value of his assets.