News

Senators taking aim at insurance companies behind bail bond industry

If you’ve been following Policy Watch’s coverage of the for-profit cash bail industry and the movement to reform it, you’ll want to check out this week’s story on bail industry backers in the insurance industry from The Marshall Project.

From the piece:

Two senators want to shine some light on the business. On Friday, Sen. Cory Booker, D-N.J., and Sen. Sherrod Brown, D-Ohio, sent a letter to 22 insurance companies requesting details of their finances and their relationships with the bail bond agents they underwrite.

The piece also goes into the way in which the movement to eliminate cash bail is impacting what has, for decades, been a growing industry.

After years of uninterrupted growth, bail bond premiums fell more than 3 percent in 2017 compared to the year before. The report forecast more decline as more laws change and lawsuits prevail.

“Ultimately, in states where reform measures significantly diminish — or eliminate entirely — the need for defendants to post cash bail, the business of bail bond agents and bail bond insurance specialists as currently constituted will likely cease to exist,” the report said.

Read the full piece here.

 

Check Also

Students in U.S. on visas will not be able to stay if campuses go online-only

Students in the U.S. on student visas will ...

Top Stories from NCPW

  • News
  • Commentary

Last semester, as the COVID-19 pandemic closed all UNC System campuses, Samantha Pilot welcomed her [...]

After years of effort, opponents of the cancelled Atlantic Coast Pipeline celebrate, reflect and loo [...]

As COVID-19 cases continue to reach new record highs in North Carolina, students at UNC system schoo [...]

Firebrand conservative academic opts for early retirement in light of latest controversies and provo [...]

If ever there was a year in which it is a good thing to be past the midway point, 2020 would appear [...]

The post Bottom Lines Matter appeared first on NC Policy Watch. [...]

…Fellow-citizens, pardon me, allow me to ask, why am I called upon to speak here to-day? What have I [...]

It’s never safe to predict what the current leadership of the North Carolina General Assembly will d [...]