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Thursday, Mar 28, 2024

Zenith Insurance Reports Lehman Fallout

In an SEC filing today, Zenith National Insurance of Woodland Hills reported the company owns approximately $12 million of Lehman Brothers senior debt securities. Zenith said the company expected to record an impairment in their third quarter filing scheduled for October 20. The total Zenith portfolio was valued at just over $2 billion as of the end of business on Sept. 12.

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