Rating Agencies Downgrade Kemper

Concerns are rising among rating agencies regarding the financial condition of Kemper Insurance Companies.

On Jan. 7, Fitch Ratings downgraded the financial strength ratings of Kemper’s three main underwriters from “triple-B” to “B-plus.” It also slashed the rating of surplus notes issued by Kemper’s Lumbermens Mutual Casualty Company from “double-B-minus” to “triple-C.”

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