New York's financial regulator on Wednesday filed civil charges accusing th...
NEW YORK - New York’s financial regulator on Wednesday filed civil charges accusing the National Rifle Association of offering insurance to its members without a license and concealing how it routinely kept some of their premiums for itself.
It announced the charges even as it defends against a May 2018 NRA lawsuit accusing the regulator and Governor Andrew Cuomo of “blacklisting” the group and threatening its survival by pressuring banks and insurers to stop doing business with it. Lockton’s policies included the NRA-branded “Carry Guard,” which the regulator said offered policyholders unlawful liability coverage, including for criminal defense costs and “intentional” conduct in shooting incidents.
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