Fireman's Fund
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| Subsidiary | |
| Industry | Insurance |
| Founded | 1863 |
| Headquarters | Petaluma, California, United States |
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Key people
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Andrew Torrance, President & CEO |
| Products | Insurance |
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Number of employees
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2,850 |
| Parent | Allianz |
| Website | www.firemansfund.com |
Fireman's Fund Insurance Company, based in Novato, California, provides personal and commercial property and casualty insurance products in the United States.
The company is a principal U.S. subsidiary of Allianz, a global financial services company, the 20th largest corporation in the world based on revenue (Fortune Global 500, August 2010). Allianz SE employs nearly 155,000 people worldwide.
Fireman's Fund offers a ranging portfolio of coverage, including personal auto, homeowners, excess, and collections insurance for high-net-worth clients. Commercial insurance products include entertainment, business office policies, workers compensation, general, professional, and excess liability, auto, and farm and ranch coverage.
Fireman's Fund Insurance Company was founded in 1863 in San Francisco. Its name reflects its founding mission in which 10 percent of profits were paid to the widows and orphans of fallen firefighters.
Today, the company continues a similar social mission through its Heritage Program, in which it provides millions of dollars each year in grants for equipment, training and educational programs to local fire departments across the United States.
Since its inception, Fireman's Fund has insured some of America's notable landmarks and inventions, including the Golden Gate Bridge and the Spirit of St. Louis.
Fireman's Fund is the largest insurer and underwriter in the Hollywood film industry, insuring motion picture productions since the silent film era. The company also underwrites reality television shows, concerts, and special events. Its largest film insurance payout was a $15 million claim after star John Candy died during production of the 1994 film Wagons East.
1863 — Ship captain William Holdredge founded Fireman's Fund Insurance Company in San Francisco. Its first policy was one-half interest in 1,000 kegs of Boston syrup. The premium was $12 cash in advance.
1871 — The company paid all of its claims from the Great Chicago Fire – about a half million dollars' worth – within 60 days, nearly wiping out all of the company's capital.
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Wikipedia