this post was submitted on 01 Feb 2024
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Maryland House Democrats introduced a controversial gun safety bill requiring gun owners to forfeit their ability to wear or carry without firearm liability insurance.

Introduced by Del. Terri Hill, D-Howard County, the legislation would prohibit the “wear or carry” of a gun anywhere in the state unless the individual has obtained a liability insurance policy of at least $300,000.

"A person may not wear or carry a firearm unless the person has obtained and it covered by liability insurance issued by an insurer authorized to do business in the State under the Insurance Article to cover claims for property damage, bodily injury, or death arising from an accident resulting from the person’s use or storage of a firearm or up to $300,000 for damages arising from the same incident, in addition to interest and costs,” the proposed Maryland legislation reads.

(page 2) 50 comments
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[–] Illecors@lemmy.cafe 10 points 9 months ago (3 children)

So how much could such insurance actually cost? Does anyone have the numbers to do the maths?

Say a single policy covers any number of guns a person has. So we need a number of people owning guns.

A death is definitely 300k payout. What kind of payout, on average, would injury be? Also 300k because healthcare costs are insane? Less than that?

How many people are killed using a gun every year?

How many are injured?


I wonder what the pure business cost would be for the insurance. I don't actually know how large a profit margin insurance companies run, would curious to sort of blindly apply that here as well.

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[–] madcaesar@lemmy.world 9 points 9 months ago (1 children)
[–] dual_sport_dork@lemmy.world 8 points 9 months ago

As the bill is currently written, local and state law enforcement officers are not exempt from the insurance requirement.

I can't wait to see said cops tie themselves into complicated knots trying to explain why they ought to get a free pass but somehow us regular plebians have it different.

[–] driving_crooner@lemmy.eco.br 8 points 9 months ago (1 children)

https://www.theactuarymagazine.org/firearm-risk/

The people who wrote this article are going to be happy with this.

[–] gibmiser@lemmy.world 7 points 9 months ago (6 children)

Well, undoubtedly if it is like other types of insurance the insurance will exempt homicide and and suicide. It will probably only cover accidental discharge so it will not help with the two biggest problems.

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[–] chiliedogg@lemmy.world 8 points 9 months ago (7 children)

Some of us did have insurance, then a bunch of anti-gun groups pressured the payment processors to stop working with companies that offered "murder insurance."

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[–] runswithjedi@lemmy.world 7 points 9 months ago

Sounds very reasonable.

[–] Grass@sh.itjust.works 6 points 9 months ago* (last edited 9 months ago) (34 children)

Imagine living in a place where owning a gun isn't the real controversy, and this isn't already a law...

Literally the only gun I want right now is in the VR game pistol whip. It also get me exercising.

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