Fitch Ratings (Fitch) yesterday issued a credit analysis report on Lumbermens Mutual Casualty Company (Lumbermens), the lead property-casualty insurance underwriting subsidiary of the Kemper Insurance Companies (Kemper) group. Fitch currently rates the surplus notes of Lumbermens 'BB-'. Fitch also holds insurer financial strength (IFS) ratings of 'BBB' on members of Kemper's intercompany pool. Both the IFS and surplus note rating are on Rating Watch Negative.
Fitch has taken several rating actions regarding Kemper over the past twelve months that were precipitated by various actions by Kempe...
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