Assurant’s Health Insurance Division To Be Sold, Shut Down After ACA-Related Financial Losses
Assurant says it will close its health insurance division, Assurant Health, in 2016 if it is unable to find a buyer, citing financial losses since the implementation of the Affordable Care Act. Milwaukee-based Assurant Health, which specializes in individual and small business insurance, is expected to report up to $90 million in operating losses for the first quarter of 2015.
- "Assurant Selling or Closing Health Insurance Division" (AP/ABC News, 4/30).
- "Buffeted by Health Care Reform, Assurant Health Faces Uncertain Future" (Boulton, Milwaukee Journal Sentinel, 5/2).
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