Risk & Economy » Regulation » Bail company bails out

Bail company bails out

More than 300,000 US criminal defendants lost their bail bonds after LA-based Amwest Surety Insurance and its subsidiary, Far West Insurance, were declared insolvent in December 2001.

High-risk defendants could be rearrested or required to post bail again. Most others will be released without security, but they may lose premiums paid to bond agents.

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