Workers' Compensation News
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Zenith Hit With $1.3 Million in Texas Comp Case
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09/01/2000
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State: Natl. | Segment: Top | 0
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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
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Zenith and Argonaut Downgraded
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05/27/2000
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State: Natl. | Segment: Top | 0
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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
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Zenith Posts Positive Earnings
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03/27/2000
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State: Natl. | Segment: Top | 0
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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
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Zenith and Superior Credit Downgrades
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02/11/2000
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State: Natl. | Segment: Top | 0
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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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