Lloyd’s of London Latest Insurer To Abandon NRA

By Tom Knighton

There are people who think the NRA is out of line for their lawsuit against the state of New York. After all, those people argue, Governor Andrew Cuomo has a right to say whatever he wants, just like the rest of us.

To be sure, the freedom of speech is a sacred right, one equally as important as the right to keep and bear arms. I won’t support anyone trying to quell someone else’s freedom of speech.

However, that’s not what happened in New York. There, a powerful political figure with regulatory oversight of an industry directed that industry to basically make life difficult for a group of ideological opponents. What’s more, it’s working.

Not just has Lockton backed out of the NRA Carry Guard program, but now, so has Lloyds of London.

The Lloyd’s Corporation has given very careful consideration as to whether syndicates at Lloyd’s should continue to insure programmes offered, marketed, endorsed or otherwise made available through the National Rifle Association of America (NRA).

This is now subject to an inquiry by the New York Department of Financial Services (NYDFS). Therefore Lloyd’s Corporation has decided to direct underwriters in the market to terminate any existing programmes of this …Read the Rest

Source:: Bearing Arms