Lockton drops NRA insurance programPosted On: Feb. 27, 2018 7:52 AM CST
(Reuters) — Lockton Cos. L.L.C., which has worked with the National Rifle Association on gun show and gun carrying insurance policies, on Monday said it would no longer sell NRA-endorsed products.
The privately held brokerage joins several other financial industry companies ending deals with the NRA in the wake of the shooting that killed 17 people at a Florida high school.
Insurer Chubb Ltd. on Friday said it would stop underwriting the NRA Carry Guard program that offers protection for gun owners who shoot in self-defense. The New York Department of Financial Services, which regulates insurance in the state, launched an investigation into Carry Guard last year.
Kansas City, Missouri-based Lockton is the administrator of the Carry Guard insurance and NRA-branded insurance for gun show operators.
“Lockton Affinity has notified the NRA that it will discontinue providing brokerage services for NRA-endorsed insurance programs under the terms of its contract,” Lockton said in a tweet.
An NRA spokesman could not be reached immediately for comment.