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Zenith National
Insurance Corp. reported that its wholly owned
subsidiary, Zenith Insurance Company, has
filed with the California Department of
Insurance its workers' compensation rates for
use in California on or after Jan. 1, 2006.
The new rates represent an average reduction
of 13.1% when compared to rates in effect
since July 1, 2005.
Commenting on
the filing, Stanley R. Zax, chairman and
president, said "Our rate decrease is in
response to the favorable short-term trends in
claim costs. We continue to be optimistic that
our business strategy will provide favorable
results."
(Article
Taken from The Insurance Journal)
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