Word: kemper
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...bonds, are probably the biggest losers. According to A.M. Best Co., an insurance-industry research firm, Aetna Life & Casualty held $50 million worth of the securities at the end of last year, while Fireman's Fund, a unit of American Express, had $48.9 million at risk, and Kemper had $24 million. None of these companies, however, has fallen into financial trouble. Says an Aetna official: "Our losses will not be insignificant. But our other assets are very secure, and our foundation is very, very solid." Aetna's Nos. 4 and 5 bonds represent little more than one-tenth...
DIED. James S. Kemper, 94, tough, no-nonsense Chicago insurance executive and founder of the Kemper Group, one of the world's largest diversified insurance and financial organizations; in Chicago. Kemper, who began his career as a junior insurance clerk in his native Ohio, became manager of the Lumbermens Mutual Casualty Co. in 1912 and built it into a worldwide conglomerate with assets of more than $5 billion. An outspoken conservative and onetime treasurer of the Republican National Committee, Kemper was appointed U.S. Ambassador to Brazil in 1953 but resigned less than two years later after he was criticized...
...high-paying deposits. Says David Jensen, a Chicago lawyer who is moving his savings out of certificates of deposit and into a money market fund: "Restrictions on them would interfere with my free-enterprise right to get the best rate of interest." Adds Thomas Anderson, vice president of the Kemper Money Market Fund: "We have allowed the small saver to participate in the high yields that have long been available to only the large investor." Restrictions on the funds would be against the general policy of the antiregulation Reagan Administration, but pressure is growing to help the beleaguered savings...
...award, from the Kemper Fund, was one of just three scholarships to study at the Massachusetts prep school given in all of France during...
...picking a surprise--Kansas City. The Kings boast the league's best backcourt, Otis Birdsong and Phil Ford. In addition, power forward Bill Robinzine's wife sat next to my father on an airplane the other day. Since we're practically related, I'm picking Robinzine and the Kemper Kids over the Celts in a six-game final...