Lloyd's of London is facing criticism over a policy it is underwriting that is available from the US's National Rifle Association (NRA). The policy reportedly allows gun owners to claim up to $1m in legal expense for civil lawsuits related to gun use, while also paying out $100,000 for criminal lawsuits. Critics say the policy may well lead to increased gun violence, potentially encouraging people to shoot others in the knowledge they have coverage. Still, the issue has prompted an investigation from state regulators in New York as to how the policies are marketed. In an interview with CNN, Lloyd said its policies were "designed to protect our customers and their families".
Lloyd's of London is facing criticism over a policy it is underwriting that is available from the US's National Rifle Association (NRA). The policy reportedly allows gun owners to claim up to $1m in legal expense for civil lawsuits related to gun use, while also paying out $100,000 for criminal lawsuits. Critics say the policy may well lead to increased gun violence, potentially encouraging people to shoot others in the knowledge they have coverage. In an interview with CNN, Lloyd said its policies were "designed to protect our customers and their families".