Zenith Insurance Company - History

History

The company was established in 1949, and since 1971 it has slowly expanded across the nation until it conducted business in 45 of the 50 U.S states and the District of Columbia. Most of its business has come to be conducted through independent agencies. In May 2010, A.M. Best Company affirmed the financial strength rating of A (Excellent) of Zenith National Insurance Corp. and its subsidiaries.

The company was listed on the NYSE under the ticker symbol ZNT until 2010 when Canadian insurance company Fairfax Financial purchased the company for $1.3 Billion.

Read more about this topic:  Zenith Insurance Company

Famous quotes containing the word history:

    Modern Western thought will pass into history and be incorporated in it, will have its influence and its place, just as our body will pass into the composition of grass, of sheep, of cutlets, and of men. We do not like that kind of immortality, but what is to be done about it?
    Alexander Herzen (1812–1870)

    Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)

    Three million of such stones would be needed before the work was done. Three million stones of an average weight of 5,000 pounds, every stone cut precisely to fit into its destined place in the great pyramid. From the quarries they pulled the stones across the desert to the banks of the Nile. Never in the history of the world had so great a task been performed. Their faith gave them strength, and their joy gave them song.
    William Faulkner (1897–1962)