Suspended Georgia Insurance Commissioner Faces Fraud Trial

Jim Beck, the suspended insurance commissioner of the state of Georgia, will be going to trial over allegations that he defrauded his former employer of $2 million.

Beck assumed the role of insurance commissioner in January 2019; however, the US attorney’s office announced in May 2019 a 38-count indictment, which charged Beck with fraud and money laundering in a complex scheme to defraud the Georgia Underwriting Association.

Beck allegedly used the stolen money to pay for his credit card bills and taxes, as well as fund the 2018 campaign which helped him get into office.

Georgia Underwriting Association is a state-created marketplace of last resort that offers high-risk property insurance to homeowners that have difficulty securing coverage.

Beck was a former general manager of operations for the business.