Workers' Compensation News
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Zenith Announces Paperless Underwriting
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04/22/2002
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) announced today that its workers' compensation subsidiary, Zenith Insurance Company (Zenith), has gone into production with an ACORD 1.0 XML interface with Superior Access Insurance Services (SAIS), one of its California-based agents.
This is Zeni...Read More
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Zenith Announces Private Placement Raising $25M
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12/06/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE: ZNT) announced yesterday that it has completed a previously announced private placement from treasury of 1,000,000 shares of its common stock, par value $1 per share, at a price of $25 per share. The purchaser was Odyssey Reinsurance Corporation, an indirect su...Read More
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Zenith Announces 3Q Loss Due to 09/11
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10/31/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) reported an operating loss after tax of $22.0 million, or $1.25 per share, for the third quarter of 2001 compared to an operating loss after tax of $5.1 million, or $0.30 per share, for the third quarter of 2000.
Operating loss after tax for the nine m...Read More
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Zenith Revises Loss Estimates; No Change in Rating
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10/22/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (BBB-/Neg; Zenith) has revised the estimate of its insured losses related to the Sept. 11, 2001 attacks on the U.S since that estimate was published 10/18/01.
The new pre-tax estimate is $35.5 million, both gross and net of reinsurance recoverable, which is more ...Read More
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Zenith Updates 9/11 Estimates
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10/19/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) yesterday announced an update of its previously reported estimate of the effect of the terrorist attacks of September 11, 2001, a preliminary agreement to sell 1 million shares of its common stock in a private placement and a proposed 10 percent quota share...Read More
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Zenith Announces Reinsurance Exposure to NY
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09/17/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) made the following announcement concerning the possible effect of the tragic events associated with the terrorist attacks on New York and the Pentagon on September 11, 2001:
At this time there is considerable uncertainty as to the nature and amount of ...Read More
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Zenith Announces Profitable Second Quarter
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08/02/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) yesterday reported operating income after tax of $1.7 million, or $0.09 per share, for the second quarter of 2001 compared with an operating loss after tax of $17.9 million, or $1.04 per share, for the second quarter of 2000.
Operating income after tax...Read More
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Zenith Ratings Lowered by S&P - Negative Outlook
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06/08/2001
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State: Natl. | Segment: Top | 0
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Standard & Poor's has lowered various ratings on Zenith National Insurance Corp. (ZNT), Zenith Capital Trust I, and the members of the Zenith National Insurance Group Intercompany Pool (ZNIG; see list) with a negative outlook.
ZNT is primarily an insurance holding company whose major opera...Read More
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Zenith Reports Improving Financial Results
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05/03/2001
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT), Woodland Hills, CA, reported improved financial results yesterday with an operating loss after tax of $0.2 million, or $0.01 per share, for the first quarter of 2001, compared with an operating loss after tax of $7.5 million, or $0.44 per share, for the fi...Read More
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Zenith Posts Narrower Loss 4th Quarter
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02/09/2001
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State: Natl. | Segment: Top | 0
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Woodland Hills based Zenith National Insurance Company said that fourth quarter operating losses are down to 41 cents per share from 61 cents per share from last year.
Showing net revenue of $125,446,000 for fourth quarter 2000 versus $104,971,000 for fourth quarter 1999, the figures inc...Read More
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254 Results
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