Kemper Sheds Its Specialty Business
Kemper Insurance Companies, which suffered downgrades by severalrating agencies in recent weeks, announced a number of deals tosell off renewal rights to some of its specialty business insurancepolicies.
“This transaction is another in a series of steps Kemper istaking to become primarily a standard commercial lines insuranceprovider,” said David B. Mathis, Kemper chairman and chiefexecutive officer, in a statement that detailed a transaction withThe Hartford Financial Services Group Inc.
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