NRA Will Pay $2.5 Million To Settle Suit Alleging It Offered Insurance For Acts Of Violence
The National Rifle Association has agreed to pay $2.5 million to settle a lawsuit brought by New York financial regulators for what they call “dangerous” policies to justify firing their guns.
The policies that were promoted to gun owners are a way to cover costs in self-defense shootings through the NRA’s Carry Guard Program.
The state said the program acts as an “insurance producer” without a license. Gun control advocates call the program “murder insurance.” They believe it would encourage gun owners to shoot rather than avoid confrontations.
The State Department of Financial Services said the NRA violated the law by soliciting prohibited insurance products, claiming the program insured intentional acts of violence and criminal defense costs.