Word: kemper
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...last year. Some of the current losses are the result of a six-year rate war in which most insurers slashed premiums with competitive abandon. But a greater problem is the growing number and size of personal-injury lawsuits. Says Rudolph F. Landolt, president of Chicago's Kemper Group of Insurance Companies: "You have an accident, and everyone involved gets sued. We live in litigious times." Insurance companies blame courts for being far too generous in determining liability and juries for granting exorbitant awards. "There is no limit to it," says Albert Abend, spokesman for Hartford's Aetna. "There...
...panel of four men and 12 women, including a stewardess, an accountant, and two Boston College students, deliberated for more than four hours yesterday and an hour on Monday without reaching a verdict in the lawsuit brought by Adelaide (Smoki) Bacon against the Federal Kemper Life Assurance...
...Bacon claims that the company contributed to the 1974 cyanide-induced death of her husband, Edward C. Bacon '51. She says Kemper carelessly processesed a forged form changing the beneficiary of his $50,000 life insurance policy from his wife to his business partner just days before he died...
Young is currently presiding over Smoki Bacon's $4 million lawsuit against Kemper Insurance Co., a Suffolk County civil case being tried in the Law School's Ames Courtroom for students' observation
...months ago. While many customers have fled the bank, others have stuck with it out of loyalty. Says Donald Romans, vice president of Bally Manufacturing, a billion-dollar customer: "We will support Continental as long as it is able to support our business." Some fallen-away depositors like the Kemper Money Market Fund, which last May stopped buying Continental's certificates of deposit, are thinking about returning. Said Kemper Portfolio Manager Frank Rachwalski...