Zenith National Insurance Co. on Thursday disclosed that it had lost $42.9 million on its investments in AIG, Citigroup, Lehman Brothers and other troubled companies, but those investments represent only about 5% of its entire portfolio.The California-based insurer disclosed that its $5.4 million equity investment in American International Group was its biggest single loser in percentage terms. Those shares are now worth only $600,000. A $29.4 million fixed income investment in AIG also dropped to a value of $18.3 million, Zenith said. The company also lost more modest amounts in fixed income ...
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