Latest Kemper Headlines
All the headlines from our Kemper Topic Page, ordered by recency.
Miami-Based Firm Absorbs Kemper Offices
Oct 17 2003 // Wagenfeld Levine, a Miami-based law firm that focuses on self-insured defense, is opening new offices in St. Louis and Philadelphia to serve its corporate clientele. Beginning immediately, Wagenfeld Levine will absorb...
Kemper Services Finds New Name
Oct 16 2003 // Beleaguered Long Grove, Ill.-based Kemper Services unveiled its new name and corporate identity: Broadspire. “This is a very important milestone that signifies our transformation into a fully independent service...
Kemper Auto & Home Opens New Lackawanna County Facility
Aug 20 2003 // David Yeager, Director of Pennsylvania Governor Edward G. Rendell’s Action Team, participated in a ribbon-cutting ceremony for Kemper Auto and Home, which is moving into a larger Lackawanna County facility. The...
Kemper Files Lawsuit Against Chattem
Aug 14 2003 // Chattem Inc., which markets and manufactures branded consumer products, announced that Kemper Indemnity Insurance Company (Kemper) filed a lawsuit against it in federal court in Chattanooga, Tenn., seeking to rescind the...
Kemper Pool Downgraded Again
Aug 4 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. intercompany pool to “CCC” from “B-” with a negative...
Unitrin Reports 34-Cent Q2 EPS
Jul 25 2003 // Chicago-based Unitrin Inc. reported net income of $22.7 million (34 cents per common share) for the second quarter, compared to net income of $4.4 million (6 cents per common share) for the same period in 2002. Profit was...
Kemper Sells Service Organization
Jul 22 2003 // The Long Grove, Ill.-based Kemper Insurance Cos. today announced the sale of its service platform, Kemper Services, to Platinum Equity LLC. The acquisition was closed today following approval by the Illinois Department of...
Kemper Sends Agents Scrambling to Replace Business
Jul 21 2003 // Lost amid news of the Kemper Insurance Cos.’ precipitous slide in financial health is how badly its relationships with the agents and brokers needed to market its products had deteriorated. A number of agents have...
Service Net Severs Kemper Ties
Jul 9 2003 // Jeffersonville, Ind.-based Service Net Solutions today announced the original owners have repurchased the 51 percent of the company that Kemper Insurance Cos. had purchased from them in January 2001. “Our...
Kemper Falls Again
Jul 7 2003 // A.M. Best Co. downgraded the financial strength ratings to “D” (Poor) from “C++” (Marginal) of the participants in the Kemper Insurance Cos.’ intercompany pool, eight reinsured affiliates and...
Kemper Pool Downgraded Again
Jul 2 2003 // Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. intercompany pool to “CCC” from “B-” with a...
Moody’s Cuts Kemper to ‘Caa3,’ Withdraws Ratings
Jun 27 2003 // Moody’s Investors Service has downgraded the insurance financial strength ratings of members of the Kemper Insurance Cos. inter-company pool “Caa3” from “B3.” In the same action, Moody’s...
Kemper Looks to Lease Half of HQ Buildings
Jun 17 2003 // Beleaguered Kemper Insurance Cos. is putting up for rent two of the four buildings on its Long Grove, Ill., corporate campus, according to Crain’s Chicago Business. The two buildings’ space adds up to more than...
The St. Paul Cos. Acquires Renewal Rights for Selected Lines of Kemper’s U.S. Commercial Business
May 12 2003 // The St. Paul Companies has purchased the right to seek renewal of certain existing commercial insurance business written by the Kemper Insurance Companies in the United States. Under the agreement, The St. Paul will obtain...
Layoffs at Kemper in the Works; Runoff Management Firm Hired
May 5 2003 // Long Grove, Ill.-based Kemper Insurance Cos. will be laying off about 1,000 employees and pursuing options of how best to put into runoff the middle-market offerings for which negotiations recently fell through. According...
A.M. Best Downgrades Kemper Ratings
May 2 2003 // A.M. Best Co. has downgraded the financial strength ratings to C++ (Marginal) from B (Fair) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, eight reinsured affiliates and one...
Kemper, Investors Discontinue Negotiations on New Venture
Apr 24 2003 // The Kemper Insurance Companies announced that the parties have discontinued negotiations toward a definitive agreement relating to a sale of certain lines of Kemper’s existing business as contemplated by its...
Kemper Auto and Home Enhances Collectibles Program
Apr 21 2003 // Kemper Auto and Home recently introduced its collectibles program, a new product enhancement initiative for the professional collector with a broader range of coverage options. The program provides additional premium...
Kemper Auto and Home Certifies IBQ Systems for Real-time XML Rating
Apr 8 2003 // Kemper Auto and Home (KAH) announced the certification of IBQ Systems for real-time XML rating of its products. KAH agents can now get quotes and apply for policies through IBQ’s SEMCI interface. The certification...
CIGA Signs Five Year Deal With Kemper Services
Apr 1 2003 // The California Insurance Guarantee Association (CIGA) has signed a five year claim services contract with Kemper Services, according to Patricia A. Drago, president of Kemper Services. “Our contract with CIGA is a...
