Workers' Compensation News
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Zenith Reassures Investors About Portfolio
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10/03/2008
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State: CA | Segment: WEST | 0
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IZenith National Insurance publicized its investment portfolio Thursday detailing its investments in the companies that have experienced a crisis in recent months.As of Sept. 19, Zenith's investment portfolio had a fair value of $2.1 billion, representing 97% of amortized cost, the c...Read More
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Zenith Loses 2% of Equity Due to Investments in Troubled Firms
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09/26/2008
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By: Jim Sams (Senior Editor)
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State: CA | Segment: Business | 0
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Zenith National Insurance Co. on Thursday disclosed that it had lost $42.9 million on its investments in AIG, Citigroup, Lehman Brothers and other troubled companies, but those investments represent only about 5% of its entire portfolio.The California-based insurer disclosed that its $5....Read More
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Zenith National Insurance Extends CEO's Contract
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09/23/2008
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State: CA | Segment: Business | 0
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Zenith National Insurance Corp. has extended the employment contract of its chairman and chief executive officer, Stanley R. Zax, an additional three years, to Dec. 31, 2012. Zax's original contract was valid through Dec. 31, 2009. Zenith alerted the Securities and Exchange Com...Read More
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Zurich Issues Report on Keeping Workers Safe After Hurricanes
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09/15/2008
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State: NA | Segment: Safety | 0
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Zurich posted a report on its website Friday to assist business owners and managers keep their workers safe during cleanup and recovery operations in the aftermath of Hurricane Ike.
According to Zurich, minor damage resulting from a hurri...Read More
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Zurich Appoints New Distribution Chief for Specialties Unit
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08/26/2008
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State: NA | Segment: Business | 0
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Zurich North America Commercial announced Monday the appointment of Richard Richiski as head of distribution and regional management for its specialties business unit.Richiski will assume responsibility for directing regional performance of Zurich’s specialties business unit across...Read More
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Zurich Launching Middle-Market Coverage in Midwest
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08/21/2008
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State: NA | Segment: Business | 0
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Zurich North America Commercial announced Wednesday that its new Zurich Integrated Products unit is accepting business submissions from agents and brokers in several Midwestern states for commercial customers in the small-to-middle market segments.Zurich said it launched the new unit to ...Read More
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Zurich Appoints Executive VP for Customer Management in N.Y.
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08/08/2008
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State: NA | Segment: Business | 0
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Zurich announced Thursday that Ron Davis has been appointed executive vice president and head of customer management for general insurance, effective immediately.Davis, who previously served as global relationship manager for Zurich Global Corporate, is based in New York. He will report ...Read More
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Zenith Net Income Plummets in Second Quarter
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07/23/2008
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State: CA | Segment: Business | 0
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Zenith National Insurance Corp. on Tuesday reported net income of $28.4 million in the second quarter of 2008, down from $70.3 in the prior-year quarter.Zenith Chairman and President Stanley Zax said in a press release that the carrier would likely have to raise rates by 5% next year to ...Read More
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Zurich Entering West Virginia's Newly Opened Market
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07/23/2008
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State: WV | Segment: Business | 0
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Zurich is entering West Virginia's newly opened workers' compensation market, the Charleston Daily Mail newspaper reported Tuesday.Joe Murphy, head of Zurich's Mid-Atlantic region, told the newspaper that the carrier has been quoting accounts for the past 60 days. Joseph Well...Read More
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Zurich Appoints Conn. Lawyer as General Counsel of N.A. Commercial
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07/11/2008
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State: NA | Segment: Business | 0
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Zurich on Thursday announced that it has named Dennis F. Kerrigan Jr. as general counsel for its North America Commercial business division.“Dennis is an accomplished litigation and dispute-resolution attorney with almost 20 years of trial experience in state and federal courts &nd...Read More
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