Standard & Poor’s Ratings Services placed its “BB+” counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative implications because Kemper will reportedly be significantly challenged to meet S&P’s expectations in terms of earnings,
capital adequacy, and future interest payments on the surplus notes.
S&P’s also said that it placed on CreditWatch negative its surplus notes rating on Lumbermens Mutual Casualty Co. and lowered it to “CCC” from “B+.”
Was this article valuable?
Here are more articles you may enjoy.
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill From This Issue
