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Exhibit 10.14

AMENDMENT NO. 4 (the "Amendment")

to

REINSURANCE AND POOLING AGREEMENT

between

ZENITH INSURANCE COMPANY

CALFARM INSURANCE COMPANY

ZNAT INSURANCE COMPANY

and

ZENITH STAR INSURANCE COMPANY

Dated March 31, 1999

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WITNESSETH

        WHEREAS, the parties hereto (together, the "Pool Companies") have agreed
to terminate the participation of CalFarm Insurance Company ("CalFarm"; the Pool
Companies other than the CalFarm being termed the "Zenith Companies") in that
certain Reinsurance Pooling and Agreement, by and between the parties hereto,
effective as of 12:01 a.m., October 1, 1993, as amended by Amendment Nos. 1, 2
and 3, effective January 25, 1995, January 1, 1997 and June 30, 1998,
respectively (the "Pooling Agreement"); and

        WHEREAS, Nationwide Mutual Insurance Company ("NMIC") and Zenith
Insurance Company ("Zenith") have entered into a Stock Purchase Agreement, dated
as of February 22, 1999 (the "Stock Purchase Agreement") which, among other
things, contemplates such termination.

        NOW THEREFORE, in consideration of the mutual promises set forth herein,
the parties hereto agree as follows:

        1.    Definitions.    All capitalized terms not defined herein shall
have those meanings set forth in the Pooling Agreement.

        2.    Effect.    Subject to the satisfaction or waiver of the conditions
set forth in paragraph 3 hereof and the payment of the Net Payment (as
hereinafter defined), effective as of 12:01 a.m., January 1, 1999 (the
"Effective Time"), the Pooling Agreement is hereby amended to delete CalFarm as
a party thereto.

        3.    Conditions to Effectiveness.    This Amendment is conditioned upon
the satisfaction or waiver of those conditions set forth in Section 7 (relating
to Zenith) and Section 8 (relating to NMIC) of the Stock Purchase Agreement
(other than the covenant of Zenith set forth in Section 5.11(a) thereof).

        4.    Net Payment    

        (a)  The Net Payment, which shall be payable by Zenith to CalFarm on
behalf of the Zenith Companies, shall equal:

        (i)    The aggregate statutory reserves for net retained "underwriting
liabilities" held by the Pool Companies as of that time immediately prior to the
Effective Time, pursuant to the Pooling Agreement resulting from business
written, issued or assumed (other than by operation of the Pooling Agreement) by
CalFarm; less

        (ii)  The aggregate statutory reserves for net retained "underwriting
liabilities" held by CalFarm as of that time immediately prior to the Effective
Time, pursuant to the Pooling Agreement resulting from business written, issued
or assumed (other than by operation of the Pooling Agreement) by the Pool
Companies.

        (b)  All such amounts above are to be determined before the removal of
CalFarm from the Zenith pool.

        5.    Payment of Net Payment.    

        (a)  The Pool Companies agree that the "Transaction Balance Sheet"
appended to this Amendment as Exhibit A (and showing a Net Payment of
approximately $63.9 million) constitutes a good faith, estimated calculation of
the Net Payment assuming an Effective Time of December 31,1998 and properly
reflects the provisions set forth in paragraph 4 hereof (the "Trial Balance
Sheet"). The Pool Companies further agree that, subject to such changes as NMIC
may approve, (i) any additional calculation of the Net subject to such changes
as NMIC may approve, (i) any additional calculation of the Net Payment to be
made for purposes of this Amendment No. 4 or the Stock Purchase Agreement will
be consistent in all material respects with that reflected in the Trial Balance
Sheet, and (ii) that each line item in any such additional calculation

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will be determined in a manner consistent in all material respects with the
determination of such line item for use in the Trial Balance Sheet.

        (b)  The Net Payment shall be paid on the Closing Date (as defined in
the Stock Purchase Agreement).

        (c)  In addition, on the Closing Date, Zenith, on the one hand, and the
Zenith Companies (other than Zenith), on the other hand, shall make such
payments to one another necessary to reflect the net cash flows among them
described in paragraph 4(a) hereof. Such payments will have no effect upon the
calculation of the Net Payment or the payment of the Net Payment.

        6.    Releases.    Subject to the occurrence of the transaction set
forth in paragraph 2 hereof:

        (a)  CalFarm hereby releases and forever discharges the Zenith Companies
and each of their respective present and future affiliates, successors or
assigns from all actions, causes in action, suits, debts, due sums of money,
accounts, reckonings, bonds, bills, specialties, covenants, contracts,
controversies, agreements, promises, vacancies, trespasses, damages, judgments,
extents, executions and demands whatsoever, in law and in equity, which CalFarm
and its affiliates, successors or assigns ever had, now have or hereafter have
for, upon, or by reason of the Pooling Agreement, as amended from time to time,
other than the obligations provided in paragraphs 4 and 5 hereof and under the
Stock Purchase Agreement.

        (b)  The Zenith Companies hereby release and forever discharge CalFarm
and each of its present and future affiliates, successors or assigns from all
actions, causes in action, suits, debts, due sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies,
agreements, promises, vacancies, trespasses, damages, judgments, extents,
executions and demands whatsoever, in law and in equity, which the Zenith
Companies and their affiliates, successors or assigns ever had, now have or
hereafter have for, upon, or by reason of the Pooling Agreement, as amended from
time to time, other than the obligations provided in paragraphs 4 and 5 hereof
and under the Stock Purchase Agreement.

        (c)  Each Pool Company fully understands and expressly waives its rights
and benefits under Section 1542 of the California Civil Code or under any
similar provision of law. Section 1542 of the California Civil Code provides in
relevant part:

A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if
known by him must have materially affected his settlement with the debtor.

        7.    Amendment.    Subject to the occurrence of the transaction set
forth in paragraph 2 hereof, Article V of the Pooling Agreement is restated as
provided in Exhibit B hereto. All other provisions of the Pooling Agreement are
hereby ratified and confirmed except as otherwise expressly provided for herein.

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    Zenith Insurance Company           /s/  HYMAN J. LEE      

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Witness   By:   /s/  JOHN J. TICKNER      

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      CalFarm Insurance Company           /s/  HYMAN J. LEE      

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Witness   By:   /s/  JOHN J. TICKNER      

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      ZNAT Insurance Company           /s/  HYMAN J. LEE      

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Witness   By:   /s/  JOHN J. TICKNER      

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      Zenith Star Insurance Company           /s/  HYMAN J. LEE      

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Witness   By:   /s/  JOHN J. TICKNER      

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CalFarm Insurance Company
Estimated Transactions to Undo Pooling
December 31, 1998

 
  Statutory
Post Pooling

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  Transaction to
Undo Pooling

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  Pooling
Undone

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ASSETS             Bonds   142,369,942       142,369,942 Preferred stocks  
5,042,560       5,042,560 Occupied properties   14,873,491       14,873,491 Cash
& STI   20,498,854       29,498,854    

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Cash & Invested Assets   182,784,847   —   182,784,847
 
 
 
 
 
 
  Agents' balances   16,927,462   24,656,657   41,584,119 Funds held by
reinsurers   878,912   (878,912 ) — Reinsurance recoverable on paid losses  
4,767,210   (4,497,711 ) 269,499 Guarantee funds receivable   —   9,915   9,915
EDP equipment   2,286,259       2,286,259 Accrued investment income   2,650,562
      2,650,562 Receivable from affiliates   39,003,884   (38,174,056 ) 829,828
Deposits in pools & associations   180,667   573,324   753,991 Receivable from
Zenith       63,864,323   63,864,323 Aggregate write-ins:               Cash
surrender value of life ins policies   378,436       378,436   Receivable on
deductible policies   82,817   (82,817 ) —   Prepaid items, deposits & loss
funds           —   Miscellaneous receivables   13,628       13,628    

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Total Assets   249,954,684   45,470,723   295,425,407    

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LIABILITIES             Losses   121,585,204   (41,307,705 ) 80,277,499 RI
payable on paid losses   631,589   (631,589 ) — LAE reserves   21,485,521  
7,564,220   29,049,741 Contingent commissions   433,338   (433,338 ) — Other
expenses   2,985,618   941,985   3,927,603 Taxes, licenses & fees   340,984  
(325,937 ) 15,047 Federal income tax payable   355,222       355,222 Federal
income tax payable on depooling       5,359,068   5,359,068 Unearned premiums  
26,211,058   62,587,437   88,798,495 Funds held   329   (329 ) — Amounts
withheld   337,964       337,964 Remittances and items not allocated   97,253  
370,889   468,142 Schedule P reserves   509,000   3,413,000   3,922,000 Drafts
outstanding   1,036,352   4,721,157   5,757,509 Payable to affiliates      
490,980   490,980 Aggregate write-ins               Reserves for state fund
assessments   103,704   (103,704 ) —   Other liabilities   82,651   (2 ) 82,649
  Unclaimed funds   79,383       79,383   Terminal commissions   61,191  
278,759   339,950   Retroactive reinsurance reserve ceded   (9,000,000 )
9,000,000   —    

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Total Liabilities   167,336,361   51,924,891   219,261,252    

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Net Assets   82,618,323   (6,454,168 ) 76,164,155    

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Exhibit B

Proportionate Shares of the Reinsurance and Pooling

Zenith Insurance Company [97.5%]

ZNAT Insurance Company [2.0%]

Zenith Star Insurance Company [0.5%]

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AMENDMENT NO. 4 (the "Amendment") to REINSURANCE AND POOLING AGREEMENT between
ZENITH INSURANCE COMPANY CALFARM INSURANCE COMPANY ZNAT INSURANCE COMPANY and
ZENITH STAR INSURANCE COMPANY