Live Insurance News

Washington gun insurance company fined $100,000 illegal policy sales

October 25, 2019October 24, 2019 Marc

The state insurance commissioner fined the insurer and barred it from policy sales in the state. Washington state insurance commissioner Mike Kreidler’s office has fined a gun insurance company more than $100,000 for selling illegal policies. The insurer has also been stripped of its license to sell any coverage in the state. The insurer had been selling policies to gun owners in order to cover them for them for criminal activity. The United States Concealed Carry Association, Inc. is a gun insurance company. It was selling policies that would provide…

NRA under investigation in New York for illegal gun insurance kickbacks

August 14, 2019August 12, 2019 Logan B.

The state regulator is looking into the National Rifle Association’s role in selling banned coverage products. The New York Department of Financial Services is currently investigating the NRA for allegedly taking illegal gun insurance kickbacks in the state. The investigation is examining the National Rifle Association’s role in the sale of banned coverage products to firearm owners. The NRA allegedly took in at least $14 million in illegal kickbacks in the state. The state regulator’s investigation is one component of a broader effort that launched in 2018. It is the…

Washington state puts NRA gun insurance under the microscope

August 15, 2018August 14, 2018 Logan B.

The branded insurance program is being accused of providing coverage for criminal conduct. Washington state has launched an investigation into an NRA gun insurance policy. The examination follows criticisms claiming the coverage provides protection for criminal conduct. The policy is a branded form of coverage for gun owners, called Carry Guard Insurance. The Carry Guard insurance policy advertises “We prepare for so much that leads up to pulling the trigger. Are you prepared for what happens after?” through a marketing video. The NRA gun insurance policy can be purchased online…

NRA gun insurance launches for owners shooting in self defense

April 27, 2017April 26, 2017 Logan B.

The new policies are designed to cover legal fees for acquitted cases and clean-up costs as well. The National Rifle Association has announced a new NRA gun insurance policy to cover Americans who want coverage in case they shoot in self defense. The policies will cover the clean-up of the scene. That said, legal fee reimbursement is issued only if the case finishes with an acquittal for a ruling. This NRA gun insurance policy is only the latest in the association’s efforts to ensure the rights of people who want…

Insurance for shooters offered by NRA

January 15, 2014January 13, 2014 Julie Campbell

The National Rifle Association is making coverage available to its members to protect them against legal costs. The NRA has decided to offer a new kind of insurance to its members to help to protect them against the potential legal costs that they could face if they should ever have to use their firearms in self defense. This protection is meant to help the organization’s members to avoid paying thousands of dollars in legal fees. This form of concealed carry liability insurance is meant to help to provide coverage for…