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Witness Says Suspended Georgia Insurance Commissioner Used Arson Money to Buy Campaign Signs

Witness Says Suspended Georgia Insurance Commissioner Used Arson Money to Buy Campaign Signs Suspended Georgia Insurance Commissioner Jim Beck improperly took money from the private insurer he led and used it to buy campaign signs when the Republican ran for office in 2018, a witness testified Friday in Beck’s trial. The testimony came as federal prosecutors continue to build their case that Beck embezzled from the Georgia Underwriting Association, an insurer Beck managed before he took office as the state’s top insurance regulator in 2019. Beck is accused of improperly diverting more than $2 million from GUA, an insurer of last resort that covers property owners unable to buy insurance on the regular market. He is on trial after he was indicted in 2019, months after taking office, on charges of mail fraud, wire fraud, money laundering and filing false tax returns. No one else has been indicted.

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