Assurant Health severance costs could reach $95 million

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MILWAUKEE — The parent company of Assurant Health anticipated spending as much as $95 million on severance costs related to the closure of its Milwaukee-based business.

The closure will lead to the loss of 1,200 local jobs.

The New York-based Assurant Inc. announced last month it will wind down the majority of its health insurance business, which has been losing millions of dollars the past two years.

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