1. 2aHawaii
  2. General Topics
  3. General Discussion
  4. NRA Claims Financial "Difficulties"
Print
Pages: [1]

NRA Claims Financial "Difficulties" (Read 4071 times)

PalisadesKid

NRA Claims Financial "Difficulties"
« on: August 03, 2018, 11:34:07 AM »
Seems more like a risk of losing their media capabilities and presence.

http://thehill.com/regulation/court-battles/400282-nra-alleges-financial-difficulties-in-new-york-lawsuit

The gun rights organization also states that it has lost insurance coverage after its carrier said it “was unwilling to renew coverage at any price.”

The lawsuit alleges that the NRA may be forced to shut down NRATV and other publications after it lost its media liability coverage.

The group claims that it could lose access to financial services because “multiple banks” are distancing themselves from the NRA “based on concerns that any involvement with the NRA — even providing the organization with basic depository services — would expose them to regulatory reprisals.”

"If the NRA is unable to collect donations from its members, safeguard the assets endowed to it, apply its funds to cover media buys and other expenses integral to its political speech, and obtain basic corporate insurance coverage, it will be unable to exist as a not-for-profit or pursue its advocacy mission," the complaint states.

Is it really a "the sky is falling" scenario?

https://www.independent.co.uk/news/world/americas/nra-funding-finance-andrew-cuomo-new-york-money-problems-lawsuit-trouble-donald-trump-a8476856.html

"The reason why the NRA is sounding the alarm about its financial state is because it reportedly cannot find insurance companies to support its media components. The group said its media liability insurance coverage was ended shortly after Mr Cuomo began his campaign against the organisation adding that it fears other companies could soon cut ties as well.

"The NRA’s inability to obtain insurance in connection with media liability raises risks that are especially acute; if insurers remain afraid to transact with the NRA, there is a substantial risk that NRATV will be forced to cease operating," the court filings read, claiming Mr Cuomo’s actions "will imminently deprive the NRA of basic bank-depository services … and other financial services essential to the NRA’s corporate existence".
Logged

rklapp

Re: NRA Claims Financial "Difficulties"
« Reply #1 on: August 03, 2018, 11:45:43 AM »
I wonder how many claims they submitted on their media liability insurance?
Logged
Yahh! Freedom and justice shall always prevail over tyranny, Babysitter Girl!
https://ronsreloading.wordpress.com/

Flapp_Jackson

Re: NRA Claims Financial "Difficulties"
« Reply #2 on: August 03, 2018, 11:51:46 AM »
Quote from: rklapp on August 03, 2018, 11:45:43 AM
I wonder how many claims they submitted on their media liability insurance?

Irrelevant.

They can't operate in markets where the government refuses to allow their insurance to cover them.

I saw the same thing with my NRA Carry Guard policy. The underwriters cancelled their coverage for the policy in part because New York went after NRA for advertising the product in NY without a state license.

When they require a license to market insurance and then turn around and make that license impossible to get, you're left with few options.
Logged
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

PeaShooter

Re: NRA Claims Financial "Difficulties"
« Reply #3 on: August 03, 2018, 03:45:59 PM »
Most of the numerous articles covering this are biased and using completely misleading headlines. It's not a big deal.
Logged

mrgaf

Re: NRA Claims Financial "Difficulties"
« Reply #4 on: August 03, 2018, 04:49:34 PM »
Quote from: PeaShooter on August 03, 2018, 03:45:59 PM
Most of the numerous articles covering this are biased and using completely misleading headlines. It's not a big deal.

Ahhhhhh the deep state!
Logged
To argue with a person who has renounced the use of reason is like administering medicine to the dead.  Thomas Paine.

No man can get rich in politics unless he is a crook.  It cannot be done. Harry Truman

Only good liberal is one taking a dirt nap.

changemyoil66

Re: NRA Claims Financial "Difficulties"
« Reply #5 on: August 03, 2018, 07:35:58 PM »
Phone call to Trump and wham, government bail out. Libs heads will explode.

Sent from my SM-G920V using Tapatalk

Logged

Flapp_Jackson

Re: NRA Claims Financial "Difficulties"
« Reply #6 on: August 03, 2018, 09:19:22 PM »
Quote from: changemyoil66 on August 03, 2018, 07:35:58 PM
Phone call to Trump and wham, government bail out. Libs heads will explode.

Sent from my SM-G920V using Tapatalk

Maybe a Chick-fil-A fundraiser?  Krispy Kreme?   :thumbsup:
Logged
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

Rocky

Re: NRA Claims Financial "Difficulties"
« Reply #7 on: August 04, 2018, 09:13:17 AM »
https://www.aol.com/article/news/2018/08/04/parkland-survivor-says-not-to-believe-nras-claims-of-financial-hardship/23496014/

 :rofl: :rofl: :rofl: :rofl:
Logged
“I ask you to judge me by the enemies I have made.”
                                                           Franklin D. Roosevelt

rklapp

Re: NRA Claims Financial "Difficulties"
« Reply #8 on: August 04, 2018, 10:23:07 AM »
I thought Oliver North was supposed to fix this?
Logged
Yahh! Freedom and justice shall always prevail over tyranny, Babysitter Girl!
https://ronsreloading.wordpress.com/
Print
Pages: [1]
« previous next »