NRA pays $2.5M after probe into insurance

TheNational Rifle Association is banned frommarketing insurance inNewYork for five years and will pay $2.5 million to settle an investigation into “dangerous” policies promoted to gun owners as a way to cover costs in self-defense shootings, state financial regulators said Wednesday. The New York State Department of Financial Services announced the consent order with the powerful gun advocacy group after a three-year investigation. State regulators said the NRAviolated insurance laws and regulationsbyactingasan insurance producer without a license by taking part in efforts to solicit and market insurance products, including the NRA’s Carry Guard program. Carry Guard insurance was launched in 2017 and was promoted to gun-owners as needed coverage to help cover civil and criminal legal costs in the case they shot someone in self-defense. Gun-control advocates called it “murder insurance” in the belief it would encourage gun owners to shoot rather than avoid confrontations.