Kemper Purchaser of Superior Nat'l

The Department of Insurance has selected Kemper Insurance Co. as the successor/purchaser of the seized Superior National Insurance Group companies. Kemper basically has had control over the day-to-day operations at Superior since the State take over in April and was already the underwriter of a reinsurance agreement for new business taken on after Superior's seizures. Kemper acquires Superior National Insurance Co., Superior Pacific Casualty Co., California Compensation Insurance Co., and Combined Benefits Insurance Co....