Chubb abandons NRA policy support
Published: February 26, 2018
Updated: July 24, 2018
Author: Luke Jones
CATEGORY: Industry News
After several major gun attacks and a growing concern over gun control, Chubb Limited has announced it will stop supporting the National Rifle Association (NRA). The world’s largest insurer told Reuters it will no long underwrite an NRA-branded insurance policy targeting gun owners in the United States.
The “NRA Carry Guard” was a controversial policy that Chubb is now ending. Customers have already been given a notice three months ago of the policy closure.
Following a mass shooting that claimed the lives of 17 students and teachers at Majorie Stoneman Douglas High School in Parkland, Fla has reignited the debate of gun control in the USA. Calls for stricter gun laws are not supported by the NRA, but a flood of shootings have prompted many companies to end their allegiance with the organization.
Chubb is the latest major corporation to cut ties with the NRA, following security giant SimpliSafe, hospitality company Wyndham Hotels, and car-rental leader Enterprise. Fellow insurance heavyweight MetLife has also severed relations with the gun lobbying group, removing a discount program.
Airlines Delta and United also disassociated themselves with the NRA, as have Hertz, and Symantec. While the NRA remains defiant, a growing trend of companies cutting support is likely to increase and put further pressure on the group.