INDIANAPOLIS, March 29, 2016 /PRNewswire/ -- Indiana-based American Surety Company has filed with the Indiana Department of Insurance an 8 percent rate for its bail bond surety line. This represents a 20 percent reduction over the longstanding rate of 10 percent. The reduced rate becomes effective March 30, 2016 for American Surety Company representatives operating in Indiana. "With this rate reduction American Surety Company is making the most effective option for pretrial release in the country, according to a 2007 study by the DOJ - Bureau of Justice Statistics, more affordable for offenders seeking release from jail pending trial. By making bail bonds more affordable, defendants can obtain release from jail quicker and return to work, family and prepare for trial. This move also has the added value of relieving jail crowding resulting in significant annual savings to Indiana taxpayers in housing costs," says William B. Carmichael, President & CEO American Surety Company.
American Surety Company is a privately held Indiana based Property & Casualty company licensed in 49 states specializing in criminal appearance bonds.
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SOURCE American Surety Company