Ohioans For Concealed Carry Discussion Forums

The National Rifle Association warns that it is in grave financial jeopardy, according to a recent court filing obtained by Rolling Stone, and that it could soon “be unable to exist… or pursue its advocacy mission.” (Read the NRA’s legal complaint at the bottom of this story.)

The reason, according to the NRA filing, is not its deep entanglement with alleged Russian agents like Maria Butina. Instead, the gun group has been suing New York Gov. Andrew Cuomo and the state’s financial regulators since May, claiming the NRA has been subject to a state-led “blacklisting campaign” that has inflicted “tens of millions of dollars in damages.”

In the new document — an amended complaint filed in U.S. District Court in late July — the NRA says it cannot access financial services essential to its operations and is facing “irrecoverable loss and irreparable harm.”

BEAR! wrote:I just want to post before our resident NRA haters jump on this.

BEAR! wrote:I just want to post before our resident NRA haters jump on this.

Mustang380gal wrote:If they are accurately stating the facts, that they can no longer get insurance and other banking services, then this is a YUGE problem.

Any of our rights can be stripped away if businesses can hamstring non-PC businesses/groups. They can't defeat the 2A on the merits, so they will financially starve out our largest advocate.

And for the NRA haters, if they win against the NRA, you better believe they will go after every other gun group next.

The tragic devastation caused by gun violence that we have regrettably been increasingly witnessing is a public safety and health issue. Our financial institutions can play a significant role in promoting public health and safety in the communities they serve, thereby fulfilling their
corporate social responsibility to those communities. They are also in the business of managing risks, including their own reputational risks, by making risk management decisions on a regular basis regarding if and how they will do business with certain sectors or entities. In light of the above, and subject to compliance with applicable laws, the Department encourages its chartered and licensed financial institutions to continue evaluating and managing their risks, including reputational risks, that may arise from their dealings with the NRA or similar gun promotion organizations, if any, as well as continued assessment of compliance with their own codes of social responsibility. The Department encourages regulated institutions to review any
relationships they have with the NRA or similar gun promotion organizations, and to take prompt actions to managing these risks and promote public health and safety.

The tragic devastation caused by gun violence that we have regrettably been increasingly witnessing is a public safety and health issue that should no longer be tolerated by the public and there will undoubtedly be increasing public backlash against the NRA and like organizations.
Our insurers are key players in maintaining and improving public health and safety in the communities they serve. They are also in the business of managing risks, including their own reputational risks, by making risk management decisions on a regular basis regarding if and how they will do business with certain sectors or entities. In light of the above, and subject to
compliance with applicable laws, the Department encourages its insurers to continue evaluating and managing their risks, including reputational risks, that may arise from their dealings with the NRA or similar gun promotion organizations, if any, as well as continued assessment of compliance with their own codes of social responsibility. The Department encourages regulated institutions to review any relationships they have with the NRA or similar gun promotion organizations, and to take prompt actions to managing these risks and promote public health and safety.

bignflnut wrote: The NRA is doing what it does best, whip up a crisis and fund-raise off of same.

Insurer Chubb Ltd and a unit have agreed to pay a total of $1.3 million to New York State's insurance regulator over their role in a National Rifle Association (NRA) insurance program, the regulator said on Monday.

In addition to the fine, Illinois Union agreed not to participate in the Carry Guard insurance program, or any similar program in New York, nor to provide Carry Guard or similar policies to New York residents, regardless of where they are written, the DFS said.

Illinois Union is also not allowed to issue policies for New York residents that provide legal services coverage in a civil or criminal proceeding.

On May 2, the New York regulator fined insurance broker Lockton Cos LLC $7 million for serving as the "Carry Guard" program administrator.

In February, Chubb Ltd said it had given notice to the NRA late last year of its plan stop underwriting the "Carry Guard” program.

Lockton said in February it would no longer sell NRA-endorsed products.

Mustang380gal wrote:BTW, I saw that this is a dupe. When I am at my computer, not my phone, I will merge the two.