Assurant Healths parent company Assurant Inc. said June 10 it will exit the health insurance market and sell some small group business lines to insurance holding company National General Holdings Corp., a move the company says will allow a smooth transition for its policyholders while freeing up resources for future goals.
In April, the company announced it would 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.
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