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The
Below Comments Relate to this Newslink:
NY: New York Hits 10 More Insurers With Millions in Fines for Underwriting NRA Policies
Submitted by:
Mark A. Taff
Website: http://www.marktaff.com
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New York regulators have fined 10 insurance companies a total of $5 million for underwriting the National Rifle Association’s troubled Carry Guard insurance program in violation of state law, The Trace has learned.
The fines were part of a consent agreement that New York’s Department of Financial Services imposed today on insurance companies that did business with the NRA through the Lloyd’s of London insurance market. It is the third such agreement that DFS has reached with Carry Guard insurers this year: In May, the brokerage Lockton Affinity and underwriter Chubb were hit with $7 million and $1.3 million fines, respectively. |
| Comment by:
Stripeseven
(12/21/2018)
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NU Yok regulators need to be fined millions of dollars for undermining the Federal Constitution. That "IS" a crime.
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