Consolidation of Effort Key to Survival of Bail Profession
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I heard the news over the weekend HCC Surety acquired Bail USA making them one of the largest commercial surety underwriters in the country. Congratulations to all parties involved. Consolidation is a rare occurrence in our industry and I hope it proves a successful acquisition for HCC. Today I’ll be attending a meeting of the American Bail Coalition Board of Directors where work will continue on efforts to retain commercial bail as the vital component it is within the criminal justice system. Rarely does a day go by where I and many others are working on issues related to ABC’s initiatives across the country. The most recent concern is legislation proposed by Connecticut Governor Malloy to replace bail bonds with a 10 percent deposit scheme which I wrote about in…