Sandy Hook Families Settle with Remington After 2012 Massacre?
The families of nine victims of a massacre at an elementary school nearly ten years ago in the northeastern
The settlement is a rare instance of a
"While this settlement does not erase the pain of that tragic day, it does begin the necessary work of holding gun manufacturers accountable for manufacturing weapons of war and irresponsibly marketing these firearms," President
Biden encouraged state and local lawmakers, as well as victims of gun violence, to pursue similar actions.
"Together, we can deliver a clear message to gun manufacturers and dealers: they must either change their business models to be part of the solution for the gun violence epidemic, or they will bear the financial cost of their complicity," the president said.
Twenty first grade students and six educators were killed on
The families and a survivor of the massacre sued Remington in 2015, maintaining the company should have never sold such a dangerous military-style weapon to the public. They also said they are focused on preventing other mass shootings.
"Today is not about honoring our son Benjamin. Today is about how and why Ben died," said
The civil lawsuit in
Remington did not immediately comment on the settlement but the gunmaker had argued there was no evidence that its marketing of the rifle was linked to the killings.
The gun manufacturer also had said the lawsuit should have been dismissed because of a federal law that grants broad immunity to the gun sector.
Remington appealed to the
The gunmaker offered to pay the plaintiffs nearly
The plaintiffs said four insurers for Remington agreed to pay the full amount of coverage available, totaling
"This victory should serve as a wake-up call not only to the gun industry, but also the insurance and banking companies that prop it up," said
The rifle used by Lanza, who was 20 years old at the time of the shootings, was legally owned by his mother. He used to the rifle to kill his mother at their
Some information for this report came from


Ensurem Partners with Lifestyle Icon to Support Seniors in Living Their Best Life
AM Best Downgrades Credit Ratings of Sigurd Rück AG; Places Credit Ratings Under Review With Negative Implications
Advisor News
- What advisors must know about accessible client documents
- Your client texted. Now what? The compliance rules advisors better know
- Helping small-business owners build, grow and exit
- Help women break through their retirement roadblocks
- Advisors await SEC decision on Vanguard fair fund distribution
More Advisor NewsAnnuity News
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
- Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
- When technology becomes easy to rent, what still separates life and annuity carriers?
- Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Venus Williams to headline speaker roster for Finseca 2027 experience
- How advisors can get clients to act sooner on life insurance
- AM Best Affirms Credit Ratings of Crum & Forster Insurance Group’s Members and Monitor Life Insurance Company of New York
- AM Best Affirms Credit Ratings of Life Insurance Company Centras Life JSC
- AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
More Life Insurance News