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  • NRA In Trouble?

    Is the NRA actually in trouble, or is this just more inaccurate reporting from Rolling Stone?

    https://www.rollingstone.com/politics/politics-news/nra-financial-trouble-706371/

    The lawsuit presents these financial risks as catastrophic. Without access to routine banking services, the NRA claims, “it will be unable to exist as a not-for-profit or pursue its advocacy mission.” The lawsuit accuses New York’s government of seeking to “silence one of America’s oldest constitutional rights advocates,” pleading to the court: “If their abuses are not enjoined, they will soon, substantially, succeed.”

    The lawsuit stems from actions taken by New York financial regulators to halt the sale of an illegal, NRA-branded insurance policy. The NRA actively marketed “Carry Guard,” a policy to reimburse members for legal costs incurred after firing a legal gun. In May, the state of New York found that Carry Guard “unlawfully provided liability insurance to gun owners for certain acts of intentional wrongdoing.” The NRA’s insurance partners agreed to stop selling the policies and pay a $7 million fine.

    The NRA complaint alleges that New York was not content to block this single insurance product, but instead campaigned to sever the NRA’s ties to a wide range of financial service providers, from insurance companies to banks.

    The NRA did not respond to a request for more detail about its financial distress, but its most recent financial disclosure also shows it overspent by nearly $46 million in 2016.

    The lawsuit decries pressure from state regulators in the wake of the Parkland, Florida massacre — including a letter asking financial institutions to heed “the voices of the passionate, courageous, and articulate young people who have experienced this recent horror first hand” — and from the governor himself. In April, Cuomo tweeted: “I urge companies in New York State to revisit any ties they have to the NRA and consider their reputations, and responsibility to the public.”


    Last I heard the NRA was record membership numbers. No idea how that works out financially with life members that aren't contributing annually.

    Guessing there are lots of antis who are going to be cheering this news. Little do they know what's in store for them if the NRA goes away. Pretty sure they're not going to like GOA any better.
    NRA Life Member
    NRA Basic Rifle Instructor
    www.unconvictedfelon.com
    www.facebook.com/blackcoyotesrt

    I was thinking of his cannon.

  • #2
    I have not been shy with my feelings about the NRAor
    how I like Alan Gura, and GOA


    I doubt NRA has ant significant financial probs, and indeed
    New York requires every Insurer to "pay the tithe"
    to sell Insurance in New York
    “The function of the law is not to provide justice or to preserve freedom. The function of the law is to keep those who hold power in power.” – Gerry Spence

    Comment


    • #3
      Be a pretty sad day if Andrew Cuomo took down the NRA.
      Sticky Lips at High Noon!

      Comment


      • #4
        If the NRA goes down, the blame will lie squarely on the shoulders of its executive management team.
        Beer is like porn, you can buy it but it's more fun to make your own

        I have to bend over too far

        I get a boner.

        bareback every couple of days, GTG. Bareback, brokeback, same $hit!

        I joined a support group to help me deal with my social anxiety but I just can't seem to work up the nerve to go to a meeting......

        Comment


        • #5
          selling Insurance in new York, without the Kings permission..
          is simply an Administrative Fine
          the NRA did not provide said Insurance as the Carrier, I doubt it
          the just marketed it
          I don't know where "the end of the NRA" stuff is coming from

          they have soo many millions of the sukkers money that they could fight this till Judgement Day
          “The function of the law is not to provide justice or to preserve freedom. The function of the law is to keep those who hold power in power.” – Gerry Spence

          Comment


          • #6
            https://www.nytimes.com/2018/08/04/n...l-lawsuit.html

            Comment


            • #7
              from the Article--


              As I surmised, NRA just marketed Insurance
              prolly without applying to pay the King
              Chubb is one of the oldest Underwriters in existence, just like Lloyds


              Lockton and an affiliate would pay a fine of $7 million while Chubb and a subsidiary would pay $1.3 million for underwriting Carry Guard.
              “The function of the law is not to provide justice or to preserve freedom. The function of the law is to keep those who hold power in power.” – Gerry Spence

              Comment


              • #8
                The guys at USCCA are probably watching.
                NRA Life Member
                NRA Basic Rifle Instructor
                www.unconvictedfelon.com
                www.facebook.com/blackcoyotesrt

                I was thinking of his cannon.

                Comment


                • gtnorry
                  gtnorry commented
                  Editing a comment
                  Guys at USCCA already cancelled my insurance

                • WARFAB
                  WARFAB commented
                  Editing a comment
                  Huh? Because New Yorkistan is cracking down on them too?

              • #9
                refund ..??
                “The function of the law is not to provide justice or to preserve freedom. The function of the law is to keep those who hold power in power.” – Gerry Spence

                Comment


                • thughes
                  thughes commented
                  Editing a comment
                  Nope, they just won't renew going forward. 😠

              • #10
                sooo .. it was a Donation, not "coverage", basically ..??
                FUAC
                “The function of the law is not to provide justice or to preserve freedom. The function of the law is to keep those who hold power in power.” – Gerry Spence

                Comment


                • gtnorry
                  gtnorry commented
                  Editing a comment
                  Yep
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