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Yes, I'm listing this under crimes 🤬

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    Yes, I'm listing this under crimes 🤬

    https://nypost.com/2020/11/18/nra-ag...le-ny-charges/

    The National Rifle Association agreed to a five-year suspension of its insurance business in New York state and will pay a $2.5 million civil fine to settle charges it offered insurance to members without a license and concealed how it routinely kept some premiums for itself.

    New York’s Department of Financial Services announced the settlement Wednesday, a little over three months after state Attorney General Letitia James sued to dissolve the NRA, the leading US gun rights group, accusing it of widespread corruption.

    The settlement resolved charges over the NRA’s two-decade relationship with insurance broker Lockton Cos, including the sale of 28,015 policies to New Yorkers and the NRA’s receipt of more than $1.8 million in associated royalties and fees.

    Linda Lacewell, the state insurance superintendent, said Lockton’s NRA-branded “Carry Guard” program illegally offered policyholders coverage for criminal defense costs and the “intentional” use of firearms in shooting incidents.

    She also accused the NRA of misleading gun collectors, dealers, instructors, clubs and shows by promising coverage at the “lowest possible cost,” when the group typically kept between 13.7 percent and 21.9 percent of premiums paid.

    The NRA has said it did not underwrite its insurance programs, and that like “countless” affinity groups it relied on industry experts to market products to members.. It did not admit wrongdoing in agreeing to settle.

    William Brewer, a lawyer for the NRA, said in a statement: “The DFS inquiry, which began with a roar, ends with a whimper.” He said the settlement has no effect on other litigation pending between New York state and the NRA.

    The NRA has long battled with New York state officials, including in a May 2018 lawsuit where it accused Gov. Cuomo of attempted “blacklisting” for pressuring banks and insurers to send business elsewhere.

    “It would be highly unusual for a state to allow an insurance company to reimburse for an illegal activity,” Cuomo told CNN in August 2018. “They call it ‘murder insurance.'”

    The financial services department fined Lockton $7 million in May 2018 over its involvement with Carry Guard

    #2
    Another victory for the Cuomo crime syndicate
    Life Member: ASA, GOA, NRA

    Comment


      #3
      So they were fucking us on a 20% hidden commission to boot? The AG case is still live thought, yes? Does this feed that case?

      The NRA executives who crafted all this shady shit should be on the hook for these fines. We members get it on both ends with these settlements.

      Comment


        #4
        the NRA got rich and all i gotsa is a pocket knife and a cheap travel bag

        Comment


          #5
          There's a reason no one mentioned the NRA during the Presidential debates. It's because the libs know it's been kneecapped, all thanks to that corrupt jackass LaPierre.

          Comment


            #6
            Originally posted by warmnfuzzy View Post
            the NRA got rich and all i gotsa is a pocket knife and a cheap travel bag
            I'm Benefactor and never got more than a sticker.
            Steve

            Comment


              #7
              Originally posted by vmtcmt View Post

              I'm Benefactor and never got more than a sticker.
              I’m a Patron and got a jacket. When I did the Patriot I got a knife. Sounds like I’m racking up the swag.
              "The devil doesn't come dressed in a red cape and pointy horns. He comes as everything you've ever wished for.”
              Tucker Max

              Infirmitate Invitat Violentiam
              Finicky Fat Guy

              Comment


                #8
                But Wayne has a nice set of new suits.
                Giza Development: Building and Renovating Pyramids of Distinction Since 2435 BC 631-427-1691 (Beware the Sea People)

                Comment


                  #9
                  You all don't read the whole story, huh?

                  "The NRA has said it did not underwrite its insurance programs, and that like “countless” affinity groups it relied on industry experts to market products to members.. It did not admit wrongdoing in agreeing to settle."

                  $2.5M is a drop in the bucket in regards to what this could have cost to fight. Many settle to save $$. I am more angry at NYS and those that would turn their backs on an organization that helps is more than anyone wants to admit.

                  Comment


                    #10
                    I'm also more angry at Cuomo:

                    “It would be highly unusual for a state to allow an insurance company to reimburse for an illegal activity,” Cuomo told CNN in August 2018. “They call it ‘murder insurance.'”

                    He apparently doesn't recognize that we have a right to defend our lives by taking the lives of criminals trying to kill us.

                    Comment


                      #11
                      Originally posted by Range Time View Post
                      I'm also more angry at Cuomo:

                      “It would be highly unusual for a state to allow an insurance company to reimburse for an illegal activity,” Cuomo told CNN in August 2018. “They call it ‘murder insurance.'”

                      He apparently doesn't recognize that we have a right to defend our lives by taking the lives of criminals trying to kill us.
                      A fair and honest media would make that point as a part of its "fact checking", but, well, you know...guns.

                      Attorneys fees defending this through the appellate level would have approached the cost of the settlement.

                      If any NRA member didn't know that the NRA gets a financial cut of its affinity programs, you had to be living under a rock.
                      Ballistic: "Grif... You are my legal eagle spirit animal...."

                      Comment


                        #12
                        Originally posted by Range Time View Post
                        I'm also more angry at Cuomo:

                        “It would be highly unusual for a state to allow an insurance company to reimburse for an illegal activity,” Cuomo told CNN in August 2018. “They call it ‘murder insurance.'”

                        He apparently doesn't recognize that we have a right to defend our lives by taking the lives of criminals trying to kill us.
                        And no one calls it “murder insurance” except scumbags like Cuomo.

                        That aside. I have no problem with the NRA making a commission on these policies. It’s peanuts compared to the cost of marketing to all of those buyers without the NRA and those costs would have made the premiums higher.
                        Last edited by Finicky Fat Guy; 11-21-2020, 12:56 AM.
                        "The devil doesn't come dressed in a red cape and pointy horns. He comes as everything you've ever wished for.”
                        Tucker Max

                        Infirmitate Invitat Violentiam
                        Finicky Fat Guy

                        Comment

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