House Bill Would Require Gun Owners to Have Liability Insurance

The Hill - link provided by George Jefferson with the following narrow-minded observation: "How exactly would this bill ENSURE victims of gun crimes would be fairly compensated as quoted in the article...Is it likely that all criminals will carry such insurance on their already illegal guns?"
House Democrat Rep. Carolyn Maloney (N.Y.) has introduced a bill that would require gun owners to carry liability insurance.
The Firearm Risk Protection Act, unveiled Friday, would require gun buyers to have liability insurance coverage before being allowed to purchase a weapon, and would impose a fine of $10,000 if an owner is found not to have it. Service members and law enforcement officers, however, would be exempt from the requirement.
“We require insurance to own a car, but no such requirement exists for guns," Maloney said in a statement. "The results are clear: car fatalities have declined by 25 percent in the last decade, but gun fatalities continue to rise.”
Maloney said auto insurance carriers incentivize drivers to take precautions to reduce accidents, but no such incentives exist for firearm owners.
“An insurance requirement would allow the free market to encourage cautious behavior and help save lives,” she said. “Adequate liability coverage would also ensure that the victims of gun violence are fairly compensated when crimes or accidents occur."