Zenith Reports Net Earnings of $16.6M in Third Quarter

Zenith National Insurance remained in the black during the third quarter, although its combined ratio is climbing and its net earnings amounted to about a quarter of the profits it posted in the third quarter of 2007.Zenith reported net income of $16.6 million for the quarter, compared to $64.5 million for the same quarter last year. For the first nine months of the year, Zenith reported net income of $86.9 million, about half of the $194.3 million reported in the first nine months of 2007."We are well positioned to take advantage of opportunities due to our financial strength, liquidity and s...