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The NRA is suing an affiliate of Kansas City-based Lockton Cos., claiming that the insurance brokerage abandoned the organization amid political pressure.
The NRA's lawsuit comes days after Lockton Cos. agreed to pay a $7 million fine to the New York Department of Financial Services for violating New York insurance laws through its administration of NRA Carry Guard.
A New York Department of Financial Services investigation said Carry Guard offered insurance coverage for "acts of intentional wrongdoing" and "criminal defense" in violation of New York law.
"DFS 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," New York Department of Financial Services Superintendent Maria Vullo said in a statement. "Today's action is part of the Department’s continuing investigation into this matter to uphold and preserve the integrity of New York law."
"A politically connected, anti-NRA activist, organization known as Everytown for Gun Safety conceived and openly orchestrated regulatory inquiries concerning NRA-endorsed insurance products marketed and administered by Lockton," the NRA said in its lawsuit against Lockton. "...In the face of this politically motivated coercion, Lockton should have honored its fiduciary obligations and longstanding business relationship with the NRA and taken full responsibility for any compliance related concerns."
"What the state (of New York) is in effect saying is we are not going to allow you to fund your defense, you're going to potentially go into bankruptcy, mortgage your house," Hartwig said. "If you're found innocent or the case is dismissed, you're financially ruined."
https://www.google.com/amp/amp.kansascity.com/news/article210620754.html