Assurant Health to close by 2016

  • Assurant Inc. said Tuesday it will either sell or shut down its health insurance business by 2016, following projected 2015 first quarter losses for its health segment of between $80 million and $90 million.

    Approximately half of that loss is attributable to a reduction in 2014 estimated recoveries from the Affordable Care Act risk mitigation programs, the company says. The remainder reflects elevated claims on 2015 ACA policies.

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