The National Rifle Association sued insurance broker Lockton Cos, alleging the firm breached its contract to administer an insurance program for the firearms advocacy group. The Friday suit comes days after Lockton agreed to pay a $7 million fine imposed by New York regulators for violating state law. In that agreement, Missouri-based Lockton said it would work with state officials to help cancel the 680 Carry Guard policies sold over the past year to New Yorkers. It has also pledged other cooperation with state authorities...

Source: Wall Street Journal May 04, 2018 20:54 UTC