Kemp Names New Insurance Commissioner During Beck's ...

Here’s Why You Should Attend Ga Insurance Commissioner | ga insurance commissioner

On Monday, Georgia Allowance Abettor John F. King declared for the abandonment of the lath associates of the Georgia Underwriting Association (GUA), as able-bodied as an analysis of GUA’s books.

Former Allowance Abettor Jim Beck was accusable in May on assorted artifice and money-laundering charges, and was accused of embezzling added than $2 actor from GUA, area he served as administrator of operations. The indictment alleged Beck siphoned funds from the GUA for at atomic bristles years afore he was adopted allowance commissioner.

“As Georgia’s new Allowance and Safety Fire Commissioner, my mission is simple: to restore assurance in the Department of Insurance. Today, we are demography a baby — but advised footfall — towards accomplishing that goal,” said Abettor King in a account release. “According to U.S. Attorney BJ Pak and his 38-count indictment, this alignment fell victim to Mr. Beck’s declared crimes. This advancing analysis has debilitated the aplomb that accomplished Georgians accept in the Georgia Underwriting Association, its operations, and those who are amenable for its finances.”

The GUA functions as a balance allowance market, ensuring basal acreage and accountability allowance be fabricated accessible to all Georgians and is absolute by a lath of 12 individuals.

“We accept a assignment to put bodies over backroom and accountability over the cachet quo. It is my achievement that beginning faces, who reflect our accompaniment and our values, will administer to ample the vacancies. I am assured we can abode the organization’s shortcomings and restore its reputation,” Abettor King continued. “We will assignment agilely in the months advanced to restore aplomb in GUA, which serves as the aftermost resort for abounding families and businesses attractive for insurance.”

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