Washington Insurance Commissioner Kreidler fines Starbucks insurer $24 million

Washington Insurance Commissioner - Starbucks Coffee Shop

The state commissioner ordered the coffee chain’s insurer to pay taxes, penalties and interest. Washington Insurance Commissioner Mike Kreidler ordered a Starbucks owned insurer to pay almost $24 million in fines. The insurance company is required to pay the total amount in taxes, penalties and interest. The full amount of the fine is the result of Starbucks’ insurer’s alleged unauthorised insurance sales. If, when all is said and done, Starbucks is required to pay the complete amount the Washington Insurance Commissioner, it would approach $24 million. This would be the…

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