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Former Insurance Chief’s Sentencing Delayed; Could Face 10 Years

October 11, 2021

Former Georgia Insurance Commissioner Jim Beck will have to wait a little longer to learn his fate, after his sentencing date was postponed until Tuesday. Federal prosecutors are now asking that he serve 10 years in prison and pay fines and restitution of as much as $5 million.

Beck was convicted in July of embezzling almost $3 million from Georgia Underwriting Association, a last-resort insurer he managed that wrote policies for homeowners who had trouble finding coverage. He was elected state insurance commissioner in 2018 and was indicted just weeks after he took office in 2019.

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