Thursday, July 12, 2018

A Bad Couple of Days for the Bail Insurance Companies

Yeah, it's been a bad couple of days for the bail insurance companies.

First, they lost that big case in the Third Circuit -- you know, the one they convinced you they'd win because they spent all that money on some big shot lawyer. You know, the insurance companies keep trying to convince courts that they know what "bail" and the "right to bail" are, but they keep getting told they're wrong. I find it really interesting that bail insurance companies and their lawyers don't know what those words mean.

Then, yesterday, the Arnold Foundation mass-released the PSA to all comers. I know the bail industry doesn't know anything about all this, but take my word for it, it ain't good for the bail industry. I never could figure out why insurance companies would base everything they do on actuarial tools except bail. Oh well, all I know is the bail insurance companies don't like them, and now they'll be everywhere. Plus, wait until you see the training behind them! No more money.

Then, today, there's this in the National Review. Seems like people in America want to change the way we do bail and no bail.

Yep, things are definitely changing. Bail reform is low hanging fruit.