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.

http://www.breitbart.com/big-g...-acquiring-policies/

quote:

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.

Sooo, it's not just about offering "illegal" policies?

They eliminating malpractice insurance too?
F'n NY...

This is absurd. But it's New York...

This BS is getting infuriating.

It would seem that NYS DFS holds that Lochhart Ins must secure three declinations from primary insurers before they can do it themselves. For each person with the insurance. In addition, it seems the DFS holds that insurance for a criminal charges is wrong. That is pretty stupid as that is not so different from having a lawyer on retainer.

https://www.dfs.ny.gov/about/press/pr1805021.htm

quote:

Originally posted by dry-fly:
This BS is getting infuriating.

Truly, it is. For quite some time now, I have not considered New York and California to be part of the United States. They've morphed into some kind of insane totalitarian states. They are unrecognizable as being part of this country, and I mean that.

This action by New York is vindictive behavior, the kind of thing that might come down from an angry king.

quote:

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.'”

So, do NY auto policies not cover you if you were speeding, making an improper lane change, improper U Turn, failed to use a turn signal, driving without a license etc????

I don't think the government has any business doing this but I also think these "policies" are mostly over hyped snake oil.

Didn't these assholes try to force all gun owners to have this type of insurance a few years ago?

quote:

Originally posted by Black92LX:

quote:

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.'”

So, do NY auto policies not cover you if you were speeding, making an improper lane change, improper U Turn, failed to use a turn signal, driving without a license etc????

Dammit! Stop applying common sense to this issue!

Yet another stupid-on-steroids approach to life by the totalitarian regime in New Yorkistan.

quote:

Originally posted by WaterburyBob:
Didn't these assholes try to force all gun owners to have this type of insurance a few years ago?

Yes, it's a long been a gun-grabber idea to make owning firearms too expensive. Insure per firearm.

Though, now apparently it's "illegal," so good luck rationalizing forcing firearms owners to buy "insurance" in the future.

What a crock of shit.

quote:

Originally posted by Black92LX:

quote:

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.'”

So, do NY auto policies not cover you if you were speeding, making an improper lane change, improper U Turn, failed to use a turn signal, driving without a license etc????

Also, how have they pre-determined someone has broken the law prior to any adjudication? The insurance only covers the legal fees. So is the policy only illegal after the trial?

I'm so confused.

Oh, wait, this is NY. Anyone who even thinks about a gun is guilty.

quote:

Originally posted by olfuzzy:

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.'”


http://www.breitbart.com/big-g...-acquiring-policies/

Who defines when the action is illegal - before or after the trial and when should the insurance policy become void?

As soon as that DA says "you used excessive force by shooting the bad guy in the chest instead of in the leg" that's a crime?

On jan 24 2014 Cuomo said it all, right here:
https://www.theguardian.com/co...not-welcome-new-york

So is car insurance illegal if you might drunk drive, or say plow your car into a bunch of pedestrians

Is it even legal for a city to declare an insurance police illegal? I would think that unless some industry rules were broken that they wouldn't have a leg to stand on. Lloyd's of London is reputed to be willing to insure just about anything, if the buyer is willing to pay the premium. I don't know that they've ever been declared illegal.

flashguy

This has zero chance of passing muster.

quote:

Originally posted by KevinCW:
This has zero chance of passing muster.

I don't see how you can say that.

quote:

... “offers coverage even if gun owners were to be found to have broken the law, used unreasonable force, or engaged in ‘intentional wrongdoing.'”

Horse shit. Does car insurance cover you if you, for example, purposely run somebody over with your car? Why would Carry Guard be any different?

Not the city, but the state of New York, and all states have Insurance Commissions and such. As has been mentioned their statement fails to meet the logic test... but that has never stopped politicians and bureaucrats from doing stupid things.