Starbucks and Alaska Air captives ordered to stop insuring risk in Washington state

Seattle, Washington. Credit: iStock/apichart

Two captives have been ordered to cease writing risks in Washington state by the state insurance commissioner Mike Kreidler. The insurance commissioner ordered unauthorised insurers Olympic Casualty Insurance and ASA Assurance to stop insuring risk in Washington state for their parent companies, Starbucks and Alaska Air Group. According to the Washington state office of the insurance commissioner, both companies are…

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