An American International Group Inc. unit, Granite State Insurance Co., secures a third legal victory, ruling it is not responsible for covering a firearm retailer’s defense costs in lawsuits regarding “ghost guns.” New York Attorney General Letitia James and two city governments allege that Rainier Arms LLC sold unfinished gun parts, contributing to illegal firearm assembly.
The decision, rendered by Judge Margaret M. Garnett in the Southern District of New York, emphasizes that the lawsuits against Rainier Arms allege intentional wrongdoing rather than accidental occurrences, which is critical under the terms of the insurance coverage. This ruling continues to shape the legal landscape surrounding ghost gun regulations and insurance liabilities in the firearms industry.
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