Jury Convicts Suspended Georgia Insurance Commissioner Jim Beck on Fraud, Laundering Charges

Jurors convicted suspended Georgia insurance commissioner Jim Beck on 37 counts of mail fraud, wire fraud and money laundering and tax fraud charges. The jury needed about an hour and 20 minutes to return the guilty verdict, putting an end …

Original source: https://www.insurancejournal.com/news/southeast/2021/07/22/623939.htm

California Commissioner Lowers Workers’ Comp Benchmark

California Insurance Commissioner Ricardo Lara adopted and issued lower rates for workers’ compensation insurance benchmark rate by 5 cents to $1.41 per $100 of payroll effective Sept. 1. Lara’s decision results in an average advisory pure premium rate that is …

Original source: https://www.insurancejournal.com/news/west/2021/07/21/623712.htm

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 …

Original source: https://www.insurancejournal.com/news/southeast/2021/07/18/623280.htm

Trial Underway For Suspended Georgia Insurance Commissioner Jim Beck

Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected. Defense attorneys say Beck was actually an innovative executive who …

Original source: https://www.insurancejournal.com/news/southeast/2021/07/14/622655.htm

Suspended Georgia Insurance Commissioner To Go On Trial In Theft Case

Georgia Insurance Commissioner Jim Beck will go trial this week on charges that he swindled his former employer out of $2 million to pay personal bills and pump money into his 2018 campaign. The Atlanta Journal-Constitution reports that jury selection …

Original source: https://www.insurancejournal.com/news/southeast/2021/07/12/622252.htm

Washington Commissioner Wants Auto Claims, Rebate Data from Insurers

Washington Insurance Commissioner Mike Kreidler issued a data call of 124 auto insurance companies for recent rebates given to policyholders during the COVID-19 pandemic. Kreidler is requesting claims data for private passenger auto claims from 2016 to 2020 and how …

Original source: https://www.insurancejournal.com/news/west/2021/07/07/621692.htm