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Workers' Compensation News

Zenith-Fairfax Deal Hit With Shareholder Lawsuit 02/25/2010
State: CA | Segment: WEST | 549 | 0
An advocacy group in San Diego has filed suit against the board of directors of Zenith National Insurance Corp. alleging the Woodland Hills-based insurer's planned $1.3 billion sale to Fairfax Financial Holdings Ltd. of Toronto, Canada, undervalues the company.The lawsuit filed Monda...Read More
Zenith-Fairfax Deal a Target of Shareholder Rights Law Firm 02/22/2010
State: CA | Segment: WEST | 439 | 0 | Popular with Legal
The $1.3 billion proposed sale of Zenith National Insurance Co. to a Canadian firm has already drawn the ire of a New York City-based shareholders' rights law firm who questions if the deal is generous enough.Levi & Korsinsky, LLP, whose website states it represents victims of se...Read More
Zurich Joins Forces with REX to Expand Comp Clients 02/17/2010
By: Jim Sams (Senior Editor)
State: NA | Segment: NATIONAL | 334 | 0
Zurich announced Tuesday that it will join forces with Risk Exchange Insurance Services Inc. (REX), a program administrator that specializes in accessing underserved segments of the workers’ compensation market, to cover a wider range of businesses.Zurich said it selected REX, in p...Read More
Zenith Reports 28% Profit Gain in Fourth Quarter 01/29/2010
By: Jim Sams (Senior Editor)
State: CA | Segment: WEST | 396 | 0
Zenith National Insurance Corp. on Thursday reported net income in the fourth quarter of 2009 jumped 28.5%, to $10.8 million compared to $8.4 million in the fourth quarter of 2008.Zenith's net income for the entire year was down, however, from 2008. The Los Angeles-based workers'...Read More
Zurich Taps Chartis' Gillen as Head of Marine Claims 01/28/2010
By: Jim Sams (Senior Editor)
State: NA | Segment: NATIONAL | 425 | 0
Zurich announced Wednesday that Steve Gillen has joined the carrier as global head of Marine Claims.Effective immediately, Gillen will work closely with regional marine leadership and regional claims organizations to enhance Zurich’s claims proposition in support of the global mari...Read More
Zenith Adds WCAB Judge to its Legal Team 01/20/2010
State: CA | Segment: WEST | 1331 | 0 | Popular with Legal
Zenith Insurance Co. announced Tuesday it has hired Pamela Foust, a California workers' compensation judge, as a member of its legal department, making her the third high-level state official to join the Woodland Hills-based insurer in the past 15 months. Foust joins Zenith afte...Read More
Zenith Files for 2.7% Rate Increase 11/19/2009
By: Jim Sams (Senior Editor)
State: CA | Segment: WEST | 292 | 0
Zenith National Insurance on Wednesday announced that it has filed for a 2.7% rate increase effective Jan. 1 -- far less than the 22.8% hike in the pure premium rate recommended by the state's rating board and rejected by Insurance Commissioner Steve Poizner.Zenith raised its rates b...Read More
Zurich Appoints Lundy as Head of Energy 11/10/2009
By: Jim Sams (Senior Editor)
State: NA | Segment: NATIONAL | 354 | 0
Zurich announced Friday it has appointed Patrick Lundy to a position as Head of Energy for Zurich North America Commercial. Lundy will immediately assume responsibility for managing Zurich’s domestic energy business in North America, including collaborating with leaders of Zurich&r...Read More
Zurich Liable for Claim Because of Date of Disablement 10/23/2009
State: NY | Segment: EAST | 372 | 0
The carrier providing coverage on the date of a worker's disablement is liable for that worker's claim, a New York appellate court concluded. Case: Mlodozeniec v. Trio Asbestos Removal Corp., et al., No. 505868, 10/22/09, published.Facts: Adrzej Mlodozeniec worked as ...Read More
Zenith Reports $19M in Net Income as Investment Results Improve 10/21/2009
By: Jim Sams (Senior Editor)
State: CA | Segment: WEST | 222 | 0
Zenith National Insurance Corp. on Tuesday reported third quarter net income of $19.2, up from $16.6 million in the same quarter last year.The Woodland Hills, Calif.-based carrier said its net income for the nine months ended Sept. 30 was $23.6 million, compared to net income of $86.9 mi...Read More
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