Monetary fines and penalties. 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)

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.

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Steven A. Meyerowitz

Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].