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rotor wrote:There may be more to this story than meets the eye.

Soccerdad1995 wrote:The liberals can't seem to make up their mind. One day they want to mandate that all gun owners carry liability insurance. The next day they want to forbid gun owners from carrying liability insurance.

Maybe their end goal is to mandate insurance, but then forbid any company from actually offering the insurance?

Soccerdad1995 wrote:The liberals can't seem to make up their mind. One day they want to mandate that all gun owners carry liability insurance. The next day they want to forbid gun owners from carrying liability insurance.

Maybe their end goal is to mandate insurance, but then forbid any company from actually offering the insurance?

The new complaint, filed on Friday, in the U.S. District Court for the Northern District of New York, alleges DFS overstepped its regulatory mandate through its investigation into the NRA-branded Carry Guard insurance program and through guidance letters issued on April 19, 2018, to CEOs of insurance companies and banks doing business in New York.

The lawsuit claims the letters encourage institutions to manage reputational risk that may be posed by dealing with gun promotion organizations. The NRA further maintains that a press release issued the same day by Cuomo includes a statement from Vullo urging insurance companies and banks to discontinue their arrangements with the NRA. The complaint states that these moves by DFS have led several insurance companies to sever relationships with the NRA and to cancel insurance policies of New York customers.

Last week, Lockton was fined $7 million for unlawfully providing liability coverage to gun owners in the event they were charged with a crime involving their firearms, according to the New York Department of Financial Services.

The NRA suit, filed in the Eastern District of Virginia, alleges the New York investigation was “orchestrated” by the gun control organization Everytown for Gun Safety. Lockton and the NRA received subpoenas related to the investigation in October of last year. Everytown for Gun Safety did not respond to a request for comment.

“In the face of this politically motivated coercion, Lockton should have honored its fiduciary obligations and longstanding business relationship with the NRA and taken full responsibility for any compliance related concerns,” the complaint stated, referring to the New York investigation. “Simply put, Lockton ceased to protect the NRA and its interests.”

The suit also alleges Lockton secretly communicated with insurance underwriters, who went on to end relationships with the NRA. Lockton’s actions, as alleged by the NRA, cost the second amendment group “tens of millions of dollars in damages.”

Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones.

“The Lloyd’s Corporation has given very careful consideration as to whether syndicates at Lloyd’s should continue to insure programmes offered, marketed, endorsed or otherwise made available through the National Rifle Association of America,” Lloyd’s said in a statement.

The California Department of Insurance has issued a cease and desist order to the National Rifle Association, alleging that the NRA marketed an insurance product in California without a license.

In a statement announcing Tuesday’s order, the department noted that the NRA sponsors the Carry Guard Personal Firearms Liability, including Self-Defense Insurance Policy. According to the department, the product provides coverage for bodily injury or property damages that result from the legal use of a firearm.

Insurance Commissioner Dave Jones said, "The California Department of Insurance insists on full compliance with California law that requires persons soliciting the purchase of insurance in California must be appropriately licensed to do so. Because the NRA allegedly failed to comply with this California legal requirement, it became necessary for the department to take this action against the NRA to end this illegal conduct in California."

mojo84 wrote: Wed Sep 12, 2018 7:35 pm Now California is joining in.

http://www.businessinsurance.com/articl ... eCampaign

The California Department of Insurance has issued a cease and desist order to the National Rifle Association, alleging that the NRA marketed an insurance product in California without a license.

In a statement announcing Tuesday’s order, the department noted that the NRA sponsors the Carry Guard Personal Firearms Liability, including Self-Defense Insurance Policy. According to the department, the product provides coverage for bodily injury or property damages that result from the legal use of a firearm.

Insurance Commissioner Dave Jones said, "The California Department of Insurance insists on full compliance with California law that requires persons soliciting the purchase of insurance in California must be appropriately licensed to do so. Because the NRA allegedly failed to comply with this California legal requirement, it became necessary for the department to take this action against the NRA to end this illegal conduct in California."

Soccerdad1995 wrote: Fri May 04, 2018 10:32 am The liberals can't seem to make up their mind. One day they want to mandate that all gun owners carry liability insurance. The next day they want to forbid gun owners from carrying liability insurance.

Maybe their end goal is to mandate insurance, but then forbid any company from actually offering the insurance?