Kemper Offers State Auto Plan

The Kemper-Versicherungs-Gesellschaft, with $ 37.1 million this year lost his car insurance policies in Massachusetts, today proposed a plan for the state of the troubled auto-insurance market by creating an alternative society, it would contribute to $ 100 million.

In announcing the move, Massachusetts Kemper its losses due to low insurance rates by the state, and exceptionally high accident and vehicle theft rates. The proposal comes four months after the Fireman’s Fund Insurance Company, then the sixth largest state, the insurer announced that it would cease the activity in Massachusetts and has approved the payment of the state of 45 million $ Promptly arrested.

Under the plan Kemper, Kemper would be a non-profit enterprise called Arbella Mutual Insurance to take more than 250000 Kemper all policies in the state of June 30. The plan, which has never been in the state, is designed to isolate the national disproportionately from its losses in Massachusetts. Special clearance necessary

To succeed on the plan, Kemper specific should be lifted because the law prohibits the state-owned enterprises, which do not offer auto insurance from the sale of another type of insurance. The company distributes most types of personal and commercial insurance and is the third largest writer of auto insurance in Massachusetts.

In 1986, Kemper lost $ 31.4 million of its automobile insurance in Massachusetts. At a press conference today, Gerald L. Maatman, President of Kemper’s National damage and accidents, said Massachusetts has led the country in his car theft rate and the number of accidents, damage was twice higher than the national average. ”The only state to come anywhere near Massachusetts, New Jersey,”he added.

Roger Singer, the Commissioner of Insurance of the State, said he was studying the proposal Kemper’s. He added dass”Meine care to ensure that consumers are protected and that the market stabilizes.”Modify the plan

Mr. Kemper said Maatman would be prepared to propose an amendment to the plan coverage requirements by the State. He added that in the first meeting with Mr. Singer and Paula However, the state of the Secretary of Consumer Affairs, two officials expressed concern that the plan, another insurer to the resignation of Massachusetts.

Maatman said Kemper was ready to bring the case to court to prove that the company would not withdraw its automatic disrupt the insurance market.

The plan calls for help Kemper, a board for Arbella. Mr. Maatman, dass”wir are confident that local authorities, activists driving the new company could have influence to play a role in reforming auto insurance in Massachusetts on the long distance.”

Mr. Maatman said that the company Kemper of job creation for all of Kemper’s 1000 state employees and renew contracts with all 250000 insured and 200 independent insurance intermediaries.

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Lead: The Kemper Insurance Company, with $ 37.1 million this year losses of its car insurance policies in Massachusetts, today proposed a plan for the state of the troubled auto-insurance market by creating a replacement, which would contribute to $ 100 million. The Kemper-Versicherungs-Gesellschaft, with $ 37.1 million this year lost

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