Kemper Announces Premium Relief to Policyholders and Support to Communities

The insurer will provide a 15 percent credit to personal auto policyholders towards April and May premiums, as well as committing $1 million to organizations focused on critical issues.

(Image source: Kemper homepage.)

Kemper Corporation (Chicago) has announced that, as part of its response to the coronavirus (COVID-19) pandemic, it will provide a 15 percent credit to personal auto policyholders towards their April and May premiums, as well as committing $1 million to organizations focused on critical issues including food insecurity and supporting front-line medical personnel.

“This crisis deserves everyone’s attention and we all have a responsibility to do our part,” comments Joseph P. Lacher, Jr., President and CEO, Kemper. “Kemper has always been there to help our customers through the tough times and now is no different. Our policyholders have committed to practice social distancing and are driving less, and that deserves recognition through financial relief, a critical area of support to our customers as we move together through this situation.”

Joseph P. Lacher, Jr., President and CEO, Kemper.

Kemper’s personal auto customers who have a policy in force as of April 30 will be credited 15 percent of their April premiums in May, and personal auto customers with a policy in force as of May 31 will be credited 15 percent of their May premiums in June, the insurer says. The two premium credits will total approximately $100 million and are subject to regulatory approval. The credits will be applied directly to the policyholder’s policy. Customer who have paid in full, will receive a refund of the credited amounts. Customers will not need to take any action to receive the benefits.

$1M Commitment

Kemper has made a $1 million commitment to assist COVID-19 relief efforts, including a $200,000 donation to Feeding America’s COVID-19 Response Fund and a $200,000 donation to Direct Relief’s campaign to provide personal protective equipment and essential medical items to health workers responding to COVID-19. Additionally, Kemper will give a dollar-for-dollar match for every employee donation made to Feeding America or Direct Relief, up to a maximum of $50,000 for each organization. The balance of the $1 million donation will be distributed to other organizations providing specific COVID-19 relief over the course of 2020.

“Providing relief to our communities that have critical needs during this time is also part of our responsibility,” adds Lacher. “These two organizations are among the many that are doing extraordinary things to help our communities deal with this crisis. We are proud to support them and urge everyone to assist their communities in whatever way they can.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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