The NRA is going broke and Guns Down's Igor Volsky is breaking down their financial trouble.
Rolling Stone magazine recently obtained documents filed by the NRA, claiming that the gun lobby is in grave financial jeopardy and soon could “be unable to exist.”
Volsky says that the NRA’s woes started with the creation of Carry Guard or what many call “murder insurance,” for gun owners who shoot someone then claim “self-defense.” This caused a surge of grassroots energy against the lobby.
“In New York, state regulators found that the insurers “unlawfully provided liability coverage to gun owners for acts of intentional wrongdoing, and they forced them to pay multi-million dollar fines,” he explained. “In February of 2018, [insurance companies] Chubb and Lockton announced that they would no longer offer Carry Guard for the NRA.The NRA lost millions of dollars on their cynical attempt to sell Murder Insurance, and they’ll lose millions more defending this offensive product in court.”
Volsky says that the system that helped take down murder insurance can help take down the NRA as a whole.
“With a Congress that refuses to take action despite overwhelming public opinion and a president who owes his election to more than $30 million in backing from the gun lobby, we need to go after the NRA’s profits,” he stated. “And that means targeting corporate partnerships. Corporations across the country are starting to realize that doing business with the NRA is toxic and could tarnish the most valuable asset: their brand.”