NRA can't get insurance, claims it's facing financial ruin

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WASHINGTON—The National Rifle Association claims it's facing deep financial problems and it might go broke in a lawsuit that blames its problems on the state of New York.

The gun-rights organization said it may soon have to stop producing its magazines and its video streaming service, NRAtv, because of actions by the state of New York, which the NRA accused of running a "blacklisting campaign."

The campaign appears to be part of a national campaign calling for companies to cut ties with the group in the aftermath of several high profile shootings, most notably with the high school shooting in Parkland, Fla.

The gun lobbying group claims in its lawsuit, which targets Gov. Andrew Cuomo, the New York State Department of Financial Services and Maria Vullo, which heads the department, that the state has caused "irrecoverable loss and irreparable harm" to the organization. But, of course, the organization is making these claims in a lawsuit, which it hopes to win.


"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 lawsuit states. "Defendants seek to silence one of America’s oldest constitutional rights advocates. If their abuses are not enjoined, they will soon, substantially, succeed."

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