No more NRA branded insurance for sale in Washington state

NRA branded insurance - Man holding shotgun

Washington Insurance Commissioner Mike Kreidler has banned these policies and will issue fines. Washington state’s insurance commissioner, Mike Kreidler, has banned the sale of NRA branded insurance, labeling it as “illegal” in the state. Selling any insurance policies branded by the National Rifle Association is an offense for which fines can now be issued in the state. Kreidler will already be issuing fines to an insurance company for selling the branded coverage. Chubb Ltd. subsidiary Illinois Union Insurance Co has been ordered to cease the underwriting of NRA branded insurance…

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Washington state puts NRA gun insurance under the microscope

NRA gun insurance - Magnifying glass

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…

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National Rifle Association sues state of New York over insurance crackdown

Insurance crackdown - Gun Insurance - Guns

The pro-gun group accuses New York of conducting an unconstitutional “political blacklisting campaign.” The National Rifle Association (NRA) has filed a lawsuit over the New York insurance crackdown reported by Live Insurance News last week. The NRA sued state Governor Andrew Cuomo as well as New York’s financial Regulators. It accuses them of an unconstitutional “political blacklisting campaign” to halt banks and insurance companies from partnering with the group. The NRA filed its lawsuit against the state in the U.S. District Court for the Northern District of New York. The…

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New York regulators call NRA branded insurance program unlawful

NRA Branded Insurance Program - Gun - Weapon - pistol

The Department of Financial Services fined Lockton Cos. $7 million for its liability coverage sales. New York state regulators have deemed an NRA branded insurance program to be unlawful. Lockton Cos. said back in February that it would shut down its National Rifle Association brokerage services. The company continued to sell the branded insurance policies meant for firearm owners and users. The NRA branded insurance program was designed to cover gun owners. It is a form of liability coverage in case the firearm owners were ever charged with a crime…

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Gun owners insurance policies thin out following Florida shootings

gun owners insurance

MetLife and Chubb have severed their ties with the National Rifle Association. The Florida shootings may make it more challenging to purchase gun owners insurance. Both Metlife and Chubb have made decisions to sever their relationships with the National Rifle Association. Chubb announced it would no longer underwrite National Rifle Association branded insurance policies. The company stated that its gun owners insurance underwriting would cease under the NRA’s brand. That coverage is designed to assist gun owners in paying their legal costs should their firearms be used in self defense.…

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NRA gun insurance launches for owners shooting in self defense

NRA gun insurance policy

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…

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Gun insurance requirement in the spotlight in New York

gun insuarnce shooter homeowners

Assemblyperson Felix Ortiz (D) is hoping that this liability coverage will boost accountability. In New York state, a Democrat lawmaker from Brooklyn is now working to be able to have a law passed that would require firearm owners to purchase at least $250,000 in gun insurance. The goal is to try to hold “reckless gun owners accountable” through the use of liability policies. Assemblyperson Felix Ortiz believes that his gun insurance bill will make it possible to boost the prevention of the types of tragedies that have happened through mistaken…

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