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Insurer reporting loss from Katrina

WOODLAND HILLS - Zenith National Insurance Corp. reported on Tuesday third-quarter net income of $23 million, or 63 cents per share, compared with $25.4 million, or 72 cents per share, for the year-ago period.

Net income for the nine months ended Sept. 30 was $108.7 million, or $2.99 per share, compared with $75.3 million, or $2.16 per share in the comparable 2004 period.

Jakks makes deal for 'Teletubbies'

MALIBU - Jakks Pacific Inc. announced on Tuesday a licensing agreement with Ragdoll Ltd. to market and distribute multiple products based on ``Teletubbies'' for North American territories.

Malibu-based Jakks Pacific will develop plush and other toy products under the company's new Child Guidance division.

``Teletubbies'' is geared toward children ages 3 and under, and is broadcast daily on PBS Kids.

Jakks Pacific will also produce a product line based on Scholastic's Clifford the Big Red Dog property.

WellPoint shares slide downward

INDIANAPOLIS - Shares of WellPoint Inc. tumbled Wednesday, despite a solid earnings report that showed revenue for the nation's largest health insurer more than doubled as the company continued to reap the benefits of last year's merger.
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Oct 27, 2005
Words:198
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