Superior National Insurance Group Inc. reached an agreement with the California Department of Insurance (CDI) and certain affiliates of the Kemper Insurance Group under which the conservation of Superior’s insurance companies and Superior’s reorganization efforts will continue simultaneously. Through this agreement, the transition of Superior’s prior insurance underwriting operations to Kemper and the CDI was accomplished. In addition, Superior’s insurance servicing operations, conducted through SN Insurance Services Inc. (SNIS) and SN Insurance Administrators Inc. (SNIA), were separated from Superior’s prior underwriting operations. As a result, SNIA and SNIA can now continue their operations under Superior National control.
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