Zenith Reports $800,000 Loss in First Quarter

Zenith National Insurance Corp. on Wednesday reported a net loss of $800,000 for the first quarter of 2010, breaking a string of profitable quarters that's lasted at least four years."We continue to experience a highly competitive environment as reflected in 13% fewer policies in-force compared to March 31, 2009, as a result of our risk-management practices which emphasize pricing and underwriting discipline to maintain long-term profitability," the Woodland Hills, Calif.-based carrier said in a press release.The financial report marks Zenith's first quarterly loss since the final quar...