NW Re paid $2.4 million in unpaid premium taxes and $1.2 million in fines, tax penalties, and interest on March 8. (Photo: Fotolia)
NW Re Limited has agreed to pay Washington Insurance Dept. to settle charges for several years of unauthorized activity.
March 19, 2019 at 12:00 AM
1 minute read
The original version of this story was published on Iclc
Captive insurer NW Re Limited, of Phoenix, has agreed to pay the Washington Insurance Department $3.6 million to settle charges relating to unpaid premium taxes for several years of unauthorized activity.
NW Re’s sole insured and parent company is Costco Corp., headquartered in Kirkland, Washington.
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