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Kemper Hit With Auto Consumer Class Suit Over Data Breach
Law360 (April 8, 2021, 8:18 PM EDT) A group of consumers slapped Kemper Corp. and Infinity Insurance Co. with an Illinois federal proposed class action on Thursday, alleging the auto insurers are responsible for ongoing credit monitoring services following a data breach of the consumers personal information.
The proposed class was affected by the December data breach that allowed hackers to obtain personal information from the auto insurers, according to the suit. The stolen data from Kemper and Infinity has already been used, according to the consumers, to aid in identity theft attempts by the hackers.
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Kemper Completes Acquisition of Illinois’ American Access Casualty April 5, 2021
AAC provides specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas.
Pursuant to the terms of the acquisition agreement dated Nov. 22, 2020, the total cash transaction is valued at approximately $370 million.
AAC’s multi-channel distribution strategy, agency relationships, and deep ties to the markets it serves particularly Hispanic communities have driven strong growth and consistent profitability, according to Kemper’s November 2020 announcement.
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Operator
Good afternoon, ladies and gentlemen, and welcome to Kemper s Fourth Quarter 2020 Earnings Conference Call. My name is Matt, and I will be your coordinator today. [Operator Instructions] Later, we will conduct a question-and-answer session and instructions will follow at this time. [Operator Instructions]
I would now like to introduce your host for today s conference call Christine Patrick, Kemper s Vice President of Investor Relations. Ms. Patrick, you may begin.
Christine Patrick
Vice President of Investor Relations
Thank you operator. Good afternoon everyone, and welcome to Kemper s discussion of our fourth quarter 2020 results. This afternoon, you ll hear from Joe Lacher, Kemper s President and Chief Executive Officer; Jim McKinney, Kemper s Executive Vice President and Chief Financial Officer; and Duane Sanders Kemper s Executive Vice President and the Property & Casualty Division President. We ll make a few opening remarks to provide context around our fourth q