It's official (Assurant waves buh-bye)
No reason was given for this shocking development.
Just kidding!
It was The ObamaTax:
“Approximately half Assurant’s projected 2015 losses are attributable to a reduction in 2014 estimated recoveries from the ACA risk mitigation programs“
That would be the highly suspect touted Risk Corridors.
And what about the other half?
Well:
“The remainder reflects elevated claims on 2015 ACA policies.”
Hey, remember that promise?
Source: http://insureblog.blogspot.com/2015/06/its-official-assurant-wave-buh-bye.html
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