Workers' Compensation News
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Zurich Board Extends CEO's Contract
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03/21/2006
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State: NA | Segment: People | 0
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The board at Zurich Financial Services Group has extended Chief Executive Officer James Schiro's contract to 2009, the group has announced.
Schiro's new contract would expire in December 2009. He took over leadership of the global insurer in 2002.
Zurich board Chairman Manfred Gen...Read More
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Zurich Negotiating Settlements With More States
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03/21/2006
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State: NA | Segment: Other | 0
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Zurich Financial Services Group said Monday it is negotiating with other states to resolve the same broker-commission and insurance-placement issues that resulted in a $172 million settlement agreement previously announced.
Zurich American Insurance Co. announced Monday it has reached settl...Read More
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Zurich Settles 'Pay-to-Play' Probe With 9 States
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03/20/2006
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State: FL | Segment: Other | 0 | Popular with Legal
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Zurich American Insurance Co. will refund Florida customers to settle bid-rigging and price-fixing allegations, under a nine-state $170 million settlement agreement announced today.
The Florida refunds will be paid to businesses, non-profit organizations and governmental entities that were ...Read More
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Zenith Hires Pattiz as Exec. VP for $500K Salary
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02/10/2006
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State: CA | Segment: People | 0 | Popular with Legal
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Zenith National Insurance Co. announced Thursday that the registrant's board of directors elected Davidson M. Pattiz an executive vice president of the registrant and designated him an executive officer.
The appointment took effect on Tuesday.
Pattiz since Sept. 12 has serveed as e...Read More
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Zenith Ups Dividend, will pay 28 Cents per Share
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02/08/2006
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State: CA | Segment: Business | 0
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Zenith National Insurance Corp. on Tuesday declared a regular quarterly cash dividend of 28 cents per share on its outstanding shares, an increase from 25 cents per share paid previously.
The dividend is payable May 12 to stockholders of record at the close of business on April 28.
...Read More
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Zenith Closed Out 2005 With Profit Gain
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02/02/2006
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State: CA | Segment: Business | 0
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Zenith National Insurance Corp. (NYSE:ZNT) on Wednesday reported a $49 million profit for the fourth quarter ended Dec. 31.
That was $5.3 million, or 12.1%, higher than the same period a year ago, the company said.
Zenith made a $157.7 million profit for 2005, up nearly 32% from ...Read More
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Zinc Manufacturer Faces $186K Fine After Burn Incident
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01/11/2006
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State: PA | Segment: Safety | 0
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The Pittsburgh regional office of the Occupational Safety and Health Administration (OSHA) has issued citations and proposed penalties of $186,750 to a zinc manufacturer where an employee suffered a serious burn.
Horsehead Corp. of Monaca, Pa., was written up for alleged safety and health...Read More
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Zenith's Zax Getting a $250K Pay Raise
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12/08/2005
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State: CA | Segment: Business | 0
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Zenith Insurance Co. reported Wednesday that Chairman and President Stanley Zax will get a $250,000 pay raise next year.
The firm reported in a filing with the Securities and Exchange Commission that the compensation committee of its board of directors voted Wednesday to increase Zax's annu...Read More
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Zenith Declares $0.25 Dividend
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12/07/2005
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State: CA | Segment: Business | 0
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Zenith National Insurance Corp. on Tuesday declared a regular quarterly cash dividend of $0.25 per share on its outstanding shares.
The dividend is payable Feb. 14 to stockholders of record at the close of business on Jan. 31.
Source: Zenith National Insurance Corp.
...Read More
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Zenith V. Interpreters Hearing Delayed Until January
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11/18/2005
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State: CA | Segment: Courts | 0 | Popular with Legal
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The showdown case between Zenith Insurance Co. and workers' compensation interpreters has been delayed until Jan. 13, hearing representative Chris Alcala said Thursday.
Zenith contends that neither Labor Code Section 4600 nor Labor Code Section 9795 require carriers to reimburse for interpr...Read More
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