New York Pushes Banks, Insurers to Review NRA Ties

The New York Department of Financial Services on April 19 told the banks and insurers that it oversees to review their relationships with the National Rifle Association and any similar advocacy groups to make sure they do not pose a significant risk to their reputations.

New York’s banking and insurance regulator sent letters to the more than 1,400 insurance companies and 1,900 banking and other financial institutions it oversees warning them that maintaining ties with the NRA and other gun advocacy groups could pose reputational risks in the wake of the Feb. 14 shooting at Marjory Stoneman Douglas High School ...