Giant insurer Chubb has joined a list of financial industry companies that are halting business deals with the National Rifle Association (NRA). Symantec, which is a software company that offers an identity protection product called Lifelock, MetLife Inc., and several car rental firms and banks have announced they are ending benefit offerings for NRA members.
However, the insurer confirmed to Insurance Journal that the decision was made several months ago, before the latest mass shooting at a high school in Parkland, Florida. "Three months ago, Chubb provided notice of our intent to discontinue participation in the NRA Carry Guard insurance program under the terms of our contract," the company stated. Lockton, the insurance broker for the NRA-branded personal liability insurance policy for gun owners, said it would no longer sell NRA-endorsed products.
One gun control lobbying organization, Guns Down America, said that last November it petitioned Chubb to stop selling what it called "murder insurance" in cooperation with the NRA. NRA Carry Guard provides coverage for gun owners who face legal or other costs for self-defense shootings. The NRA website claims the insurance plans are for "those who lawfully carry firearms and their families" and include the cost to defend against civil and criminal legal actions and access to attorneys. There are four plans associated with the policy: Bronze, Silver, Gold and Gold Plus with benefits ranging from $250,000 to $1.5 million in civil protection and from $50,000 to $250,000 for criminal defense costs.
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