S&P Puts Kemper on CreditWatch

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...