Factbox: Major insurers of U.S. bail bonds

  • 3/26/2021
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Also listed are their contributions to the “No on Prop 25” campaign led by the American Bail Coalition (ABC), an industry group of bail-bond insurers. That three-year campaign used a 2020 ballot initiative to derail a law that would have eliminated for-profit bail in California. Insurers and bail agents have stepped up spending to oppose such changes in other U.S. states. The companies did not respond to calls and emails seeking comment. BANKERS FINANCIAL CORP St. Petersburg, Florida-based company that sells bail bonds through Bankers Surety 2019 Direct Premiums Written (DPW): $244.2 million Contribution to “No on Prop 25” campaign: $1.117 million FAIRFAX FINANCIAL HOLDINGS LTD Toronto-based Fairfax is the parent of ABC member Crum & Forster, Bail USA and other companies *2019 DPW: $192.2 million Contribution to “No on Prop 25” campaign: $336,596 *Includes the bail-bond business formerly owned by Tokio Marine, which Fairfax bought in 2019 ADVERTISEMENT FINANCIAL CASUALTY & SURETY INC Houston, Texas-based subsidiary of FC&S Holdings 2019 DPW: $172.6 million Contribution to “No on Prop 25” campaign: $444,496 LEXINGTON NATIONAL INSURANCE CORP Cockeysville, Maryland-based 2019 DPW: $153.9 million Contribution to “No on Prop 25” campaign: $893,156 PALMETTO SURETY CORP Mt. Pleasant, South Carolina-based 2019 DPW: $136.2 million Contribution to “No on Prop 25” campaign: $0 ADVERTISEMENT AMERICAN BAIL COALITION MEMBER INSURERS Along with Bankers and Crum & Forster, the following companies are members of the ABC and provide the majority of the insurance trade group’s funding. The companies did not respond to calls and emails requesting comment, or referred questions to the ABC. AIA SURETY CO Based in Calabasas, California. Part of IAT Insurance Group. 2019 DPW: $153.6 million, including IAT and subsidiaries. Contribution to “No on Prop 25” campaign: $1.114 million AMERICAN SURETY CO Indianapolis, Indiana-based 2019 DPW: $77.7 million Contribution to “No on Prop 25” campaign: $833,615 SUN SURETY INSURANCE CO Rapid City, South Dakota-based ADVERTISEMENT 2019 DPW: $29.8 million Contribution to “No on Prop 25” campaign: $42,634 UNIVERSAL FIRE & CASUALTY INSURANCE CO Hudsonville, Michigan-based 2019 DPW: $37.9 million Contribution to “No on Prop 25” campaign: $67,429 WHITECAP SURETY CO Bigfork, Montana-based 2019 DPW: $2.4 million Contribution to “No on Prop 25” campaign: $0 Sources: AM Best, California state election records 2017-2020, American Bail Coalition. Reporting by Alwyn Scott

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