DCR assigned an “A” claims paying ability rating to the Kemper Insurance Cos. (KIC). The rating applies to Lumbermens Mutual Casualty Co. (KIC’s primary insurance subsidiary) and three affiliated insurers. The rating outlook is stable.
In a later development, S&P commented on a cut-through agreement made by Kemper Insurance Cos. Intercompany Pool (Kemper) with respect to the reinsurance of new and renewal policies written by the Superior National companies, including Superior National Insurance Co., Superior Pacific Casualty Co., California Compensation Insurance Co. and Combined Benefits Insurance Co. S&P took a positive view of the agreement and put off the undertaking of any rating action until it has worked with Kemper to evaluate exposures from the agreement.
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