The Kemper Insurance Companies said that Fitch has insufficient information to justify its downgrade of Kemper's financial ratings.
David B. Mathis, Kemper chairman and chief executive officer noted that, unlike Moody's, Standard and Poor's and A.M. Best, Kemper does not have a formal ratings relationship with Fitch.
'We didn't meet with Fitch, and did not provide them with any insight into our existing operations or our plans for the future,' said Mathis. 'I'm not sure how they came to their conclusion.'
Mathis further pointed out that the ratings which currently have been assigned to K...
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