Kemper Independence Insurance Agency · Jacksonville, FL United States
Company Description
Phone: 904-245-5600
Fax: 904-245-5601
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This link will open in a new window Kemper Independence Insurance doesn't really operate alone. The company specializes in personal property/casualty insurance, including automobile, homeowners, and personal property coverage. It sells its products nationwide through a network of more than 4,500 independent agents. In addition to its major product lines, Kemper offers identity theft insurance, as well as coverage for collectibles and home-based business assets. Its Package Plus offering combines several types of coverage (car, jewelry, home, and others) into a single policy. Kemper's independence is reined in by its parent, Chicago-based insurance firm Unitrin . To read the full description, subscribe now.
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Key Kemper Independence Insurance Agency Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 900 |
Kemper Independence Insurance Agency Executives
16 executives listed for Kemper Independence Insurance Agency's Jacksonville, FL location.
| Title | Name & Bio | Contact |
| President | Denise Lynch | Network |
| CFO | Clark Roberts | Network |
| Regional VP, South Central | Scott Milholland | Network |
Competition
Competitive Landscape for Kemper Independence Insurance Agency
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Kemper Independence Insurance Agency Competitors
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