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Workers' Compensation News

Zenith Updates 9/11 Estimates 10/19/2001
State: Natl. | Segment: Top | 78 | 0
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
Zenith Announces Reinsurance Exposure to NY 09/17/2001
State: Natl. | Segment: Top | 77 | 0
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
Zenith Announces Profitable Second Quarter 08/02/2001
State: Natl. | Segment: Top | 97 | 0
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
Zenith Ratings Lowered by S&P - Negative Outlook 06/08/2001
State: Natl. | Segment: Top | 156 | 0
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
Zenith Reports Improving Financial Results 05/03/2001
State: Natl. | Segment: Top | 174 | 0
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
Zenith Posts Narrower Loss 4th Quarter 02/09/2001
State: Natl. | Segment: Top | 164 | 0
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

Zenith Hit With $1.3 Million in Texas Comp Case 09/01/2000
State: Natl. | Segment: Top | 143 | 0
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
Zenith and Argonaut Downgraded 05/27/2000
State: Natl. | Segment: Top | 138 | 0
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

Zenith Posts Positive Earnings 03/27/2000
State: Natl. | Segment: Top | 178 | 0
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
Zenith and Superior Credit Downgrades 02/11/2000
State: Natl. | Segment: Top | 140 | 0
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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