A.M. Best Co. has downgraded the financial strength ratings to D (Poor) from C++ (Marginal) of the participants in the Kemper Insurance Companies' (Long Grove, IL) inter-company pool, eight reinsured affiliates and one domestic affiliate. The company had just undergone a ratings downgrade by Best early last month from B to C++.
The downgrading of the Kemper Insurance Companies' rating follows the announcement that upon completion of the year-end 2002 independent financial audit, Lumbermens Mutual Casualty Company, the lead company of the inter-company pool, expects its year-end 2002 statutory...
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