Standard & Poor's said yesterday it placed
its single-'A' counterparty credit and financial strength ratings on the
members of property/casualty insurer Kemper Insurance Cos. Intercompany Pool
on CreditWatch with negative implications following fourth-quarter
developments which contributed to increased risk.
Standard & Poor's also said the company's $700 million surplus notes were
placed on CreditWatch as well.
Members of the Illinois-based pool include Lumbermens Mutual Casualty Co.,
American Motorists Insurance Co., and American Manufacturers Mutual Insurance
Co.
'Becau...
Comments