Kemper Runoff Contract with Kenning Terminated

Kemper Insurance Cos. and Kenning Financial Advisors L.L.C. have terminated their runoff contract for Kemper without naming a successor runoff manager. In a prepared statement issued yesterday, Kemper and Kenning announced that Acting President, CEO and CFO, Mike Coutu, resigned and that Kemper and Kenning "mutually terminated the contract under which Kenning provided management services for Kemper's run-off planning and operations."However, other media reports indicate that the separation was not mutual, and that in fact was the product of controversy concerning recent legislative attempts to...