Workers' Compensation News
| Zenith Files for 2.7% Rate Increase | 11/19/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: CA | Segment: WEST | 0 | |||
| Zenith National Insurance on Wednesday announced that it has filed for a 2.7% rate increase effective Jan. 1 -- far less than the 22.8% hike in the pure premium rate recommended by the state's rating board and rejected by Insurance Commissioner Steve Poizner.Zenith raised its rates b...Read More | |||
| Zurich Appoints Lundy as Head of Energy | 11/10/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: NA | Segment: NATIONAL | 0 | |||
| Zurich announced Friday it has appointed Patrick Lundy to a position as Head of Energy for Zurich North America Commercial. Lundy will immediately assume responsibility for managing Zurich’s domestic energy business in North America, including collaborating with leaders of Zurich&r...Read More | |||
| Zurich Liable for Claim Because of Date of Disablement | 10/23/2009 | ||
| State: NY | Segment: EAST | 0 | |||
| The carrier providing coverage on the date of a worker's disablement is liable for that worker's claim, a New York appellate court concluded. Case: Mlodozeniec v. Trio Asbestos Removal Corp., et al., No. 505868, 10/22/09, published.Facts: Adrzej Mlodozeniec worked as ...Read More | |||
| Zenith Reports $19M in Net Income as Investment Results Improve | 10/21/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: CA | Segment: WEST | 0 | |||
| Zenith National Insurance Corp. on Tuesday reported third quarter net income of $19.2, up from $16.6 million in the same quarter last year.The Woodland Hills, Calif.-based carrier said its net income for the nine months ended Sept. 30 was $23.6 million, compared to net income of $86.9 mi...Read More | |||
| Zenith Net Income Drops to $1.8 Million for the 2nd Quarter | 07/23/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: CA | Segment: WEST | 0 | |||
| Zenith National Insurance Corp. on Wednesday reported net income of $1.8 million during the second quarter, down from $28.4 million during the similar period in 2008.Net income for the first six months of the year was $4.4 million, compared to $70.3 million in the first half of 2008, the...Read More | |||
| Zurich Loses Bid to Collect $14.5M for Deductibles in Excess Policy | 07/01/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: NA | Segment: NATIONAL | 0 | Popular with Legal | |||
| Zurich North America lost its bid to collect $14.5 million from the estate of a bankrupt coal company by charging an administrative claim fee based on ultimate projected losses for an excess workers' compensation policy.The U.S. Supreme Court on Thursday declined to review Zurich'...Read More | |||
| Zenith Executives Extend Contract Terms | 06/09/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: CA | Segment: WEST | 0 | Popular with Legal | |||
| Zenith Insurance Co. announced Monday it extended employment agreements with five executives and gave the lowest paid member of its executive team a pay raise.In a Form 8-K filing with the Securities and Exchange Commission, the Los Angeles-based insurer reported that it extended until D...Read More | |||
| Zenith Files for 4% Midyear Rate Increase | 05/20/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: CA | Segment: WEST | 0 | |||
| Zenith Insurance Co. announced Tuesday that it has filed for a 4% rate increase in California to take effect July 1, far less than the 23.7% pure premium hike recommended by the Workers' Compensation Insurance Rating Bureau.Zenith was the first insurer to file a pure premium rate wit...Read More | |||
| Zenith Net Income Drops, Combined Ratio Climbs | 04/22/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: CA | Segment: WEST | 0 | |||
| Zenith National Insurance Corp.'s net income plummeted in the first quarter of 2009, but its combined ratio skyrocketed, according to a financial report filed with the Securities and Exchange Commission on Tuesday.The Los Angeles-based carrier reported net income of $2.6 million in t...Read More | |||
| Zurich Promotes Mike Kerner to CEO of Global Corporate | 04/09/2009 | ||
| By: Jim Sams (Senior Editor) | |||
| State: NA | Segment: Business | 0 | |||
| Zurich Financial Services Group on Wednesday announced the appointment of Mike Kerner as chief executive officer of Zurich’s Global Corporate in North America business unit, effective June 1.Kerner, 43, currently serves as global chief underwriting officer and head of group strateg...Read More | |||
