Costco Captive in Washington Pays $3.6M in Back Premium Taxes, Penalties

Published: 12/03/2019
Costco Captive in Washington Pays $3.6M in Back Premium Taxes, Penalties
Source: WWW.INSURANCEJOURNAL.COM

NW Re Limited, of Phoenix, Ariz., has settled with Washington state Insurance Commissioner Mike Kreidler to pay $3.6 million in unpaid premium taxes, penalties, interest and a fine. NW Re’s sole insured and parent company is Costco Wholesale Corp., headquartered …

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