Bloomberg news reports, “NRA-Branded Insurance Program Is Unlawful, New York Regulators Say“:
“A National Rifle Association-branded insurance program unlawfully provided liability coverage to gun owners in the event they were charged with a crime involving their firearms, according to New York state regulators … The group advertises Carry Guard as the nation’s “most complete self-defense membership program” on its website, referring to Lockton’s plan as “comprehensive personal firearms liability insurance.” Regulators said the insurance unlawfully offered protection for certain acts of intentional wrongdoing and improperly provided coverage for acts of self defense. Gun control advocates have criticized the program, referring to it as “murder insurance.” …”
I knew this was coming because for years gun control advocates have pushed bills requiring gun owners have liability insurance (currently A-349, A-2260 and S-2857A) and the response has always been it isn’t legal.
While the antis are crowing about this decision now, the NYS Department of Financial Services just nuked one of their key agenda items.