Tag: Gun Insurance

Firearm policy removed by two Iowa schools risking insurance policy loss

H. Cutner
Insurance policy - Gun policy

The schools have reversed their plan to let staff members carry firearms as they would have lost coverage. Two schools in Iowa had planned to let their staff members carry firearms but have now reversed that decision because they risked losing their insurance policy. Letters have been sent to the parents of the students in the schools explaining the reversal to parents. The Spirit Lake and Cherokee Community School Districts issued letters to the parents of their students explaining why they have decided not to follow through with their original…

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

Marc
Gun insurance company - Money and gun

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…

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No more NRA branded insurance for sale in Washington state

Marc
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

Logan B.
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

Nordstrom
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

Nordstrom
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

Marc
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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