Kemper increases reserves amid ‘atypical’ surge in Florida PIP litigation
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Kemper increases reserves amid ‘atypical’ surge in Florida PIP litigation

Giovanna Bellotti Azevedo
November 02, 2021
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Kemper Corporation CFO James McKinney has said the Chicago based-specialty insurer increased its prior-year reserves by $25mn due to an “atypical” second surge in Florida PIP-related litigation.

The executive told analysts on a Q3 call significant Florida-PIP related court decisions typically result in a single surge of litigation.

Kemper

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Giovanna Bellotti Azevedo
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