The State of New York has ramped up its historically anti-gun stance in recent weeks.
First, New York Comptroller Thomas DiNapoli sent letters to major credit card companies encouraging them to strangle gun transactions. Ten days later, New York Governor Andrew Cuomo followed suit, directing insurance companies and banks to “review” their relationships with the NRA and other “similar organizations” due to potential a “reputational risk.”
Now the gun industry has begun to fight back.
In response to Gov. Cuomo’s letter, Hornady announced last month its plans to stop selling its legendary ammunition to New York law enforcement agencies.
“Today, the State of New York did one of the most despicable acts ever perpetrated by any state by asking New York banks, financial institutions and insurance companies to stop doing business with the gun and ammo industry,” Hornady President Steve Hornady wrote.
“While it may not make a difference to New York, Hornady will not knowingly allow our ammunition to be sold to the Government of the State of NY or any NY agencies. Their actions are a blatant and disgusting abuse of office and we won’t be associated with a government that acts like that. They should be ashamed.”
It is unclear how many contracts Hornady currently holds with New York agencies, but the company recently inked an $11 million deal with the FBI to supply their 9mm+P Luger 135 gr. FlexLock Critical Duty ammunition. Given the popularity and effectiveness of that particular load, many of New York’s 514 law enforcement agencies likely had their eye on it.
Now, thanks to Gov. Cuomo, that ammunition will no longer be available to them.
The New York law enforcement community can also thank Financial Services Superintendent Maria T. Vullo, who articulated exactly the kind of big-money strong-arming that forced Hornady’s hand.
“Corporations are demonstrating that business can lead the way and bring about the kind of positive social change needed to minimize the chance that we will witness more of these senseless tragedies,” she said in Cuomo’s presser.
“DFS urges all insurance companies and banks doing business in New York to join the companies that have already discontinued their arrangements with the NRA, and to take prompt actions to manage these risks and promote public health and safety.”
The DFS, as the press release so helpfully reminds New York’s financial institutions, regulates more than 1,400 insurance companies with assets of $4.3 trillion. These include 200 life insurers, 1,100 property-casualty insurers, and 100 health insurance companies.
In other words, if insurance companies fail to follow Cuomo’s directive, the DFS can simply audit them into oblivion.
Hornady might be the first company to pull their business from blatantly anti-gun states, but hopefully they won’t be the last.