Kemper Get Approved for Cut-Through Policies

Kemper Insurance Cos. yesterday received regulatory approval for a cut-through agreement it has arranged with Berkshire Hathaway Inc.'s National Indemnity Co. to support some Kemper policies. Kemper negotiated the endorsement with the Berkshire Hathaway Inc. subsidiary after rating agencies downgraded Kemper's financial strength ratings late last year. National Indemnity has an A++ rating from A.M. Best Co. [Fitch rating,S&P rating, AM Best rating]. The deal had been negotiated in December and is effective as of 12/23/02.Although the company won't disclose which of its customers will be ...