Insurance Group Seeks to Back AIG in New York Ghost Gun Dispute

An insurance trade group is seeking permission from a federal appeals court to weigh in on a coverage dispute relating to public nuisance litigation brought by two New York cities and the state against firearm manufacturers and retailers.

The Complex Insurance Claims Litigation Association’s proposed brief “explains how turning these insurance policies into a fund for public services (here, additional government spending to address increased gun violence) would subject insurers to uncontemplated and uncontracted-for exposures, undermining their ability to fulfill their contracted-for obligations to policyholders,” the group told the US Court of Appeals for the Second Circuit Wednesday in its ...