Workers' Compensation News
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Zenith Declares Dividend
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12/12/2002
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. declared a regular quarterly cash dividend of $.25 per share on its outstanding shares. The dividend is payable Feb. 14, 2003 to stockholders of record at the close of business on Jan. 31, 2003. Source: The Zenith...Read More
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Zurich Appoints Woodliff to LOB Director
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11/04/2002
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State: Natl. | Segment: Top | 0
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Zurich North America's Manufacturing Services business unit announced Friday the appointment of Kathy Woodliff as line of business (LOB) director -- General Liability, a newly created position.
Woodliff joins the unit's other LOB directors -- Gary Kaplan, LOB director -- Property; Bob Math...Read More
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Zenith Invests in Wynn Las Vegas Project
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10/31/2002
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State: Natl. | Segment: Top | 0
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The Los Angeles Times yesterday reported that Zenith National Insurance Corp., though an operating subsidiary, purchased 1 million shares of Wynn Resorts Ltd. for $13 million. Wynn will then build Reve, a $2.4-billion hotel-casino that is the latest venture of Las Vegas veteran Steve Wynn. W...Read More
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Zenith Reports Positive 3Q on Operations
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10/31/2002
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE: ZNT) reported operating income after tax of $7.0 million, or $0.37 per share, for the third quarter of 2002 compared to an operating loss after tax of $22.8 million, or $1.30 per share, for the third quarter of 2001. Operating income after tax for the nine mont...Read More
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Zenith Sells Home Building Unit, Makes $7M
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10/09/2002
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) announced yesterday the closing of the sale of its real estate assets and home-building business in Las Vegas, Nevada to Meritage Corporation. Zenith reported earlier that same day that it had entered into a definitive agreement with Meritage for the sale o...Read More
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Zenith 'A-' Rating Affirmed; Capital Raised
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09/16/2002
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State: Natl. | Segment: Top | 0
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A.M. Best Co. on Friday affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group (Zenith), (Woodland Hills, CA). Days earlier the company had filed with the SEC papers reflecting the infusion of $47.4 million of capital.
The financial strength rating appli...Read More
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Zurich Ratings Downgraded by A.M. Best
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09/10/2002
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State: Natl. | Segment: Top | 0
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A.M. Best Co. has downgraded the financial strength rating of Zurich Financial Services (ZFS) and its core operating subsidiaries (see list below) to A (Excellent) from A+ (Superior). A.M. Best has also downgraded the ratings on debt issued or guaranteed by Zurich Insurance Company to "a" and "a-" f...Read More
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Zenith Reports Stong Increase On CA Results
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08/07/2002
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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 $6.5 million, or $0.34 per share, for the second quarter of 2002 compared to operating income after tax of $1.7 million, or $0.09 per share, for the second quarter of 2001. Operating income after tax for the ...Read More
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Zurich Gets Deal to Target Wholesalers
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07/03/2002
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State: Natl. | Segment: Top | 0
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Zurich North America and the National Association of Wholesaler-Distributors (NAW) announced yesterday the formation of a strategic alliance targeting wholesalers and distributors throughout the country.
Under this agreement, NAW will provide more value-added benefits to wholesaler-distrib...Read More
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Zenith Reports Big Improvement in Net
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05/07/2002
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State: Natl. | Segment: Top | 0
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Zenith National Insurance Corp. (NYSE:ZNT) reported operating income after tax of $3.3 million, or $0.18 per share, for the first quarter of 2002 compared to an operating loss after tax of $0.2 million, or $0.01 per share, for the first quarter of 2001. The operating loss in the first quarter of 200...Read More
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