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

Board of Governors, UNC Interim President mum on ECU chancellor ouster

Observers at Friday’s meeting of the UNC Board ...

Top Stories from NCPW

  • News
  • Commentary

The American Bar Association (ABA) issued a scathing report Wednesday that notes U.S. Immigration co [...]

When Cecil Staton announced his resignation as chancellor of East Carolina University this week, it [...]

A "detainer" from U.S. Immigration and Customs Enforcement (ICE) is a request for local la [...]

Southside Ashpole Elementary School in Robeson County looks like most elementary schools in rural No [...]

Everyone’s taking a powder in the UNC system these days. Everyone, it seems, but the powerful indivi [...]

A new release from NC Child highlights the plight of many who work in early childhood education: no [...]

A new and promising push to raise North Carolina’s minimum wage gets underway today. Lawmakers and a [...]

The post Profiles in courage…and cowardice appeared first on NC Policy Watch. [...]