Workers' Compensation News
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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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Zenith Hit With $1.3 Million in Texas Comp Case
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09/01/2000
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State: Natl. | Segment: Top | 0
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A.M. Best reported that a Travis County, Texas jury awarded $1,391,243 in damages to the Texas Restaurant Association Workers' Compensation Purchasing Group, a workers' compensation purchasing group, against Zenith Insurance Co. for improperly diverting dividends.
The Group brought the la...Read More
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Zenith and Argonaut Downgraded
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05/27/2000
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State: Natl. | Segment: Top | 0
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In addition to State Fund (reported 05/25/00) A.M. Best Co. has also downgraded Zenith National Insurance Group and Argonaut Insurance Group from A+ (superior) to A excellent), stating the California workers' compensation market 'has exhibited tremendous financial volatility and greater market inst...Read More
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Zenith Posts Positive Earnings
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03/27/2000
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Co. announced in its annual report 3/27/00 that it earned $54 million in 1999, compared with $19 million in 1998. This is in contrast to a drop in Zenith...Read More
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Zenith and Superior Credit Downgrades
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02/11/2000
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State: Natl. | Segment: Top | 0
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WorkComp Executive reported 2/11/00:
Two credit rating agencies have downgraded two California-based workers' comp carriers, Zenith National Insurance Group and Superior National Insurance Group.
Moody's reduced Superior National's debt and financial strength ratings due to con...Read More
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