New York has declared that NRA’s Carry Guard insurance is “illegal” and is barring residents from acquiring the policies.
Residents who already have Carry Guard policies will see those policies cancel over the next week and a half.
The Times Union reports that approximately 680 New Yorkers currently have Carry Guard policies. Those policies provide “liability insurance for owners who fire their weapons and later face legal charges or claims for damages.”
But the New York Department of Financial Services (DFS) says such insurance is “illegal.” DFS claims a Carry Guard policy “offers coverage even if gun owners were to be found to have broken the law, used unreasonable force, or engaged in ‘intentional wrongdoing.'”
DFS Superintendent Maria Vullo commented, “[New York] will not tolerate conduct by any entity, licensed or otherwise, in contravention of New York Insurance Law, especially when that conduct is such an egregious violation of public policy designed to protect all citizens.”
In addition to canceling all Carry Guard policies in New York, DFS is fining Kansas City-based Lockton Companies $7 million. Lockton is the broker which offered the Carry Guard policies in New York.
AWR Hawkins is an award-winning Second Amendment columnist for Breitbart News, the host of the Breitbart podcast Bullets with AWR Hawkins, and the writer/curator of Down Range with AWR Hawkins, a weekly newsletter focused on all things Second Amendment, also for Breitbart News. He is the political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him directly at awrhawkins@breitbart.com. Sign up to get Down Range at breitbart.com/downrange.