Some insurance companies that back the bail bonds are also concerned that premium financing could leave them responsible for more forfeited bonds, said Steve Krimel, a consultant for Accredited Surety and Casualty Inc., based in Orlando, and a retired attorney.
said it's too early for insurers to notice a spike in forfeitures, but premium financing is a trend that's now frequently mentioned in company projection reports.
has doubts about the long-term viability of bail agents who routinely offer discounts.
"You can't run an agency on a 5 percent premium flow," he
That's the kind of practice that could further damage the industry's already shaky reputation in a toxic economic climate, said Krimel
"That's become an ethical question," he