Workers' Compensation News
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Zurich Names Crawford & Co Prfd Heavy Equip Vendor
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09/30/2003
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State: NA | Segment: Top | 0
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Crawford & Company was recently named as Zurich North America's preferred heavy equipment vendor. This new strategic alliance will result in Crawford handling the majority of Zurich's heavy equipment field appraisal and adjusting needs.
"Throughout our history, Crawford has striven ...Read More
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Zurich's S&P Long Term Debt Rating 'A-'
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09/19/2003
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State: CA | Segment: Top | 0
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Standard & Poor's Ratings Services said yesterday it assigned its 'A-' long-term debt rating to the approximately $1 billion equivalent junior subordinated notes to be issued by Zurich Finance (UK) PLC (not rated) and Zurich Finance (USA), Inc. (not rated), based on draft documentation. Both...Read More
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Zurich NA Appoints Galer Exec VP
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09/05/2003
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State: CA | Segment: Top | 0
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Zurich North America, a commercial property-casualty insurance company, announced yesterday the appointment of Donna Galer as executive vice president, Office of the CEO. Based in Zurich North America's corporate headquarters in Schaumburg, IL., Galer will report directly to John Amore, chie...Read More
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Zenith Sues N-Care for Unfair Practices
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08/25/2003
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State: CA | Segment: Top | 0
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Zenith Insurance Company ("Zenith"), a wholly owned subsidiary of Zenith National Insurance Corp. (NYSE: ZNT), announced Friday that it has sued Yorba Linda based N-Care, LLC and its owner, Robert Bohacs, under California's Unfair Competition Law for unlawful, unfair and fraudulent practices in conn...Read More
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Zurich Posts Profit Raising Hopes of Turnaround
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08/21/2003
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State: CA | Segment: Top | 0
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Zurich Financial Services (ZURZn.VX) yesterday posted a first-half net gain of $701 million, fuelling hopes that Europe's third largest insurer may turn a profit in 2003.Chief Executive Jim Schiro, who was appointed to the job in May last year, said he was confident the company could meet it...Read More
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Zenith Triples Net as Rate Increases Outpace Losse
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08/01/2003
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State: CA | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE: ZNT) reported net income of $18.4 million, or $0.97 per share, for the second quarter of 2003 compared to net income of $6.5 million, or $0.34 per share, for the second quarter of 2002. Net income for the six months ended June 30, 2003 was $30.1 million, or $1....Read More
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Zenith Reports Huge Increase in 1Q Net
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05/01/2003
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE: ZNT) reported net income of $11.7 million, or $0.62 per share, for the first quarter of 2003 compared to net income of $2.8 million, or $0.15 per share, for the first quarter of 2002.
Gross workers' compensation premiums written increased about 59% in...Read More
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Zenith Rating Outlook 'Negative' by S&P
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02/06/2003
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State: Natl. | Segment: Top | 0
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Standard & Poor's Ratings Services said yesterday that it revised its outlook on Zenith National Insurance Corp. (Zenith) and its subsidiaries to negative from stable after Zenith's announcement on Jan. 20, 2003, that it has increased its workers' compensation reserves by 4.5% ($30 million; $19.5 mi...Read More
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Zenith Narrows 4Q Loss, Posts $10.2M 2002 Net
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02/05/2003
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) reported a net loss for the fourth quarter of 2002 of $7.8 million, or $0.42 per share, compared to a net loss for the fourth quarter of 2001 of $9.4 million, or $0.52 per share. Net income for the year ended December 31, 2002 was $10.2 million, or $0.54 pe...Read More
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Zenith to Increase Reserves by $30 Million
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01/21/2003
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) reported yesterday that its actuaries have completed a review of the loss and loss adjustment expense reserves of our insurance companies at December 31, 2002 and have determined that it is necessary to increase workers' compensation reserves by about 4.5% ...Read More
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