Zenith National Insurance Corp. declares a regular quarterly cash dividend of $0.35 per share on its outstanding shares, an increase of 25% from $0.28 per share declared previously in 2006. The company’s press release states that the dividend is payable November 15, 2006 to stockholders of record at the close of business on October 31, …
Two new national studies report that Michigan’s workers’ compensation benefit payments have been stable in recent years and that its costs reside below the national average. The studies also indicate that workers’ comp insurers are performing ahead of the national average. The study by the National Academy of Social Insurance reports that workers’ comp benefit …
After four years of growth, California workers’ compensation payments declined in 2004 as a share of workers’ wages, according to two studies issued today by the National Academy of Social Insurance. Compared to the wages of workers covered by the program, benefit payments fell by 10 cents per $100 of payroll in 2004, the latest …
Woodland Hills-based Zenith National Insurance Corp. has reported net income of $54.1 million, or $1.46 per share, for the second quarter of 2006 compared to net income of $46.4 million, or $1.26 per share, for the second quarter of 2005. Workers’ compensation net premiums earned decreased approximately 13.6 percent in the six months ended June …
California’s workers’ comp market has been profitable now for two straight calendar years, according to data from the National Association of Insurance Commissioners. The data are no surprise to us locals. It shows that California workers’ comp carriers enjoyed an after-tax gain of 13 percent for calendar year 2004. Industry experts say this bodes well …