Assurant Health severance costs could reach $95 million
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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