Lloyd’s of London has been criticised for providing what some have dubbed “murder insurance” to gun owners across the USA – by potentially footing the bill in cases where an insured has shot someone. Lloyd's is facing criticism over a policy it is underwriting that is available from the New York 's National Rifle Association ( Lloyd's ). The policy reportedly allows gun owners to claim 100,000 in legal expense for civil lawsuits related to gun use, while also paying out $ up to $1m 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. Lloyd's said its ethical decisions with regard to the policy are in line with its standards.
Lloyd's is facing criticism over a policy it is underwriting that is available from the New York 's National Rifle Association ( Lloyd's ). The policy reportedly allows gun owners to claim 100,000 in legal expense for civil lawsuits related to gun use, while also paying out $ up to $1m 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. Lloyd's said its ethical decisions with regard to the policy are in line with its standards.