New York shoots down NRA insurance program
A week earlier, the
"Today's action is another step in addressing the unlicensed and improper activity connected with the
She said her department would continue to ensure that "consumers are no longer conned into buying so-called "self-defense" insurance coverage.
The NRA was not fined or made party to the agreements, but the gun rights organization is described throughout as an unlicensed marketer of insurance.
An NRA spokesman put the blame on Lockton, stating that the organization had relied on the insurance company to comply with all state regulations.
"The NRA acted appropriately at all times," said William A. Brewer III, outside counsel for the NRA.
He also depicted the
"This could fairly be seen as an attempt to restrict the
"
Vullo cited the killings of 17 students and staff at
She encouraged insurers to manage reputational risks "that may arise from their dealings with the NRA or similar gun promotion organizations."
Insurers were urged to "take prompt actions to managing these risks and promote public health and safety."
The NR A describes
"Although millions of Americans are prepared to use a firearm in self-defense," the NRA website states, "very few families can withstand the financial consequences that may come next. The legal fees to clear your good name could be enormous. Likewise, the costs of defending and potentially losing a civil lawsuit could cripple your finances for the rest of your life."
Chubb and Lockton suspended their participation in the Carry Guard program in November, weeks after
Chubb, the world's largest property and casualty insurance company, based in
Lockton, the world's largest privately owned independent insurance brokerage firm, based in
Lockton had also provided insurance to 11 other NRA-endorsed programs, from 2000 through this past March, such as retired law enforcement officer self-defense insurance, gun collector insurance and gun show insurance.
Lockton sold 28,015 policies since 2000 and received
The insurance companies agreed to pay the penalties within 10 days, to not participate in
The NRA has sued Lockton in federal court in
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