Unitrin announced its new name will be Kemper Corp., effective Aug. 25, when the company also will begin trading on the New York Stock Exchange under the KMPR ticker symbol.
Unitrin has bought the “Kemper” name from Lumbermens Mutual Casualty Co., finally permanently putting the name with the company that operates under it.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.