New York Declares NRA’s Carry Guard ‘Illegal,’ Bars Residents from Acquiring Policies

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Aim1

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From the article:

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-govern...rd-illegal-bars-residents-acquiring-policies/


New York Declares NRA’s Carry Guard ‘Illegal,’ Bars Residents from Acquiring Policies

by AWR Hawkins3 May 2018334

3 May, 2018 3 May, 2018

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.
 
drk1 wrote:
It troubles me greatly that I am not able to visit her grave.

Why is that? Because - assuming Beitbart can be trusted - Carry Guard policies can't be sold in New York? I fail to see how that keeps you from entering the state?
 
1) on what grounds does DFS have to "fine" anyone?
2) what if the fine isn't paid?
3) I have other questions but can't formulate them accurately right now.

I feel like the time is ripe for a whole lot more "vocal" declarations of GFY to be made by many individuals and companies.

For the record: I'm a member of U.S. Law Shield, primarily because they will provide legal counsel for ANY NJ-firearms-related legal encounter, not just a defensive weapon use. (handy since the laws here are insane/moronic/indecipherable.)
 
Breitbart is to the right as HuffPost is to the left. Not to be trusted.

But to the original question - do we have any actual facts or are we all just breathing hard?

It's real--from a trade journal and WSJ

https://www.insurancejournal.com/news/national/2018/05/03/488026.htm
or perhaps the Wall Street Journal https://www.wsj.com/articles/new-york-bans-nra-insurance-program-and-fines-broker-1525273379

And apparently they are "investigating" other companies as well from the insurance journal.

This, along with other companies actions (both Lockton and Chubb have announced that they are dropping NRA affiliated insurance policies) and similarly finance industries (Citibank, the bank that offered the NRA credit card, etc.) are doing the same thing to gun retailers and manufactures as well as the NRA. It is a coordinated "hit" on any companies or organizations that might indicate any connections to firearms.

Since government action is stymied at the national level and at most state levels, activists including investment banks and large institutional investors (pension funds) are targeting businesses to avoid any association with gun owners, retailers, gun manufacturers, etc. Many of these are soft targets that simply want to stay out of the news. The intent is to make businesses do what government refuses to do. The purpose is to cut off, demoralize, and demonize firearms owners and sellers engaged in lawful trade.

Think "New Prohibitionists" with many of the same character types leading the charge. The thing is that alcohol was never explicitly protected under the Constitution, unlike firearms, thus, these folks are really opposing the exercise of constitutional rights. A similar attack is undergoing on the First Amendment where only approved opinions may be exercised.

A lot of people are cynical and simply say that "it is a NRA attempt to raise money" or "they don't really want to ban firearms--lets throw them a bone and then they will go away", or private businesses should be able to do whatever they want and discriminate against firearm owners and firearm related businesses, etc.

Think of gun control activists as wolves--as a pack, wolves operated to take out the weakest in the herd first--when confronted by the sheepdogs, rams, etc. they lurk waiting for an opening. Thus, much of the silent war to protect your rights is in the shadows and fought out in editorial press offices, quiet lobbying members of legislatures, very rich individuals with open checkbooks, secret campaign promises to campaign donors, ngo planning sessions, regulatory agency hearings, the actions of state, local, and federal bureaucracies, and in business boardrooms and executive suites. The textbook republic no longer exists as such and that is why if you want to keep your rights then you must fight for them even in your everyday actions. With a pardon to Benjamin Franklin, we must all stand together or be hanged separately.

Else, like every other republic in history, it will fail and be replaced, most usually by something worse--an oligarchy or a tyrant.
 
I have deleted a series of rants and ridiculous comments that are not relevant to the issue being discussed. Please don't post unless you have something substantial and informational to the topic. Your travel plans and comments about the state in general are not that useful to us.
 
1) on what grounds does DFS have to "fine" anyone?
2) what if the fine isn't paid?
3) I have other questions but can't formulate them accurately right now.

I feel like the time is ripe for a whole lot more "vocal" declarations of GFY to be made by many individuals and companies.....

The business of insurance is very heavily regulated. The NY Department of Financial Services is the insurance regulator in New York. Entities involved in providing or administering various types of insurance products in New York State must be licensed by the DFS and must conduct their activities with respect to the insurance of New York residents in conformity with statutes and DFS regulations.

The New York DFS has broad powers to require compliance, just as do the insurance regulators in every other State. An insurance regulator can levy fines, revoke license, bring criminal charges against, or when all else fails effectively force a company to stop doing business in New York State.

New York insurance laws tend to be "unusual", and the New York DFS has a history of being difficult to deal with. For that reason many national insurance companies have separate New York subsidiaries to do business in New York.

Contretemps between insurance regulators and insurance entities are not uncommon. Given the nature of the insurance business and its regulation, GFY is not well calculated to be a productive response.
 
I have USCCA and have checked out some of the other choices and will stick with them. My wife is also a member for another $47. a yr. Carry Guard has a few issues that need to be changed. Like not covering any legal weapon used to defend ones self. Not covering those in my house who defend themselves.
 
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