(Bloomberg) – The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group. Lockton administered the NRA's Carry Guard insurance program, which was advertised as the nation's “most complete self-defense membership program.
Following a mass shooting in Parkland, Florida, which sparked a backlash against the NRA and companies with which it conducts business, Lockton said it would discontinue its NRA-endorsed insurance programs. Carry Guard was criticized by gun control advocates as “murder insurance.”
|Lockton fined $7M by New York
Last week, Lockton was fined $7 million for unlawfully providing liability coverage to gun owners in the event they were charged with a crime involving their firearms, according to the New York Department of Financial Services.
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