Workers' Compensation News
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Zurich Grows WC Premiums in 2014, but Net Income Falls 3%
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02/13/2015
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Zurich Insurance Group saw its net income decline about 3% in 2014 despite premium growth in workers' compensation and other lines.
The company's net income fell from $4.028 billion in 2013 to $3.895 billion in 2014, according to a Thursday ...Read More
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Zurich Names Terry McCafferty Head of Group Captives
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12/23/2014
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State: NA | Segment: NATIONAL | 0 | Popular with Insurance
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Zurich North America appointed Terry McCafferty to oversee the company's group captives business, including member-owned, agency and associated captives, according to a report by the Daily Herald Business Ledger.
McCafferty will take over for Rod DeMaso on Feb. 1, the suburban Chicago...Read More
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Zurich Cutting 800 Jobs in Effort to Increase Profits
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03/12/2014
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By: Jim Sams (Senior Editor)
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Zurich Insurance Group is cutting 800 jobs as part of a plan laid out in December to produce a savings of about $250 million annually in an effort to improve its profit margin, the Swiss insurer said in a press release Tuesday."This initiative, which follows a comprehensive review, will ...Read More
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Zurich Reports 9% Gain in Quarterly Net
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02/14/2014
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Zurich Insurance Group reported net income of $1.1 billion in the fourth quarter, a 9% gain from a year earlier. The insurer said its net income for the full year rose 4% to $4 billion, as its combined ratio improved to 95.5% from 98.4%....Read More
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Zurich North America Relocating Chicago Office
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08/02/2013
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State: IL | Segment: CENTRAL | 0 | Popular with Legal
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Zurich North America will relocate its Chicago office to 300 South Riverside Plaza to accommodate an expected increase in its downtown-based employees.During the next three years, the insurer expects to add 150 new employees to the Chicago office, raising its headcount there to 500 insur...Read More
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Zamora Bill Headed to Senate Floor
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06/06/2013
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State: NY | Segment: EAST | 0 | Popular with Vendor
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Legislation filed in response to a controversial 2012 New York State Court of Appeals ruling involving voluntary withdrawal from the job market by injured workers cleared the New York Senate Labor Committee Monday and awaits a vote by the full Senate.The Labor Committee approved Senate 5...Read More
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Zenith Sues for Claim Filed after Policy Lapsed
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04/01/2013
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By: Greg Jones (Senior Editor)
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State: CA | Segment: WEST | 0 | Popular with Legal
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Zenith Insurance Co. is suing a Northern California business to recover more than $250,000 in benefits paid on a worker’s cancer claim that was submitted after the employer allowed its policy to lapse, according to a report by the Appeal Democrat.The lawsuit, filed earlier last mon...Read More
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Zurich Appoints CFO for North American Operations
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10/12/2012
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By: Jim Sams (Senior Editor)
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Zurich in North America announced this week the appointment of Dalynn Hoch as chief financial officer.Hoch succeeds Vibhu Sharma, who has been appointed to the position of group controller at Zurich’s Headquarters in Zurich, Switzerland. Sharma succeeds Malcolm Gilbert, who will re...Read More
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Zurich Promotes Dan Riordan to CEO of Global Corporate
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09/27/2012
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By: Jim Sams (Senior Editor)
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Zurich has appointed Dan Riordan as chief executive officer of Zurich’s Global Corporate in North America (GCiNA) business, effective Oct. 1, the insurer announced this week. He succeeds Mike Kerner, who was recently appointed CEO of General Insurance.Riordan will continue to be ba...Read More
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