Fireman's Fund Insurance Company
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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, was based in Novato, California, provides personal and commercial property and casualty insurance products in the United States.
The company was 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 offered a ranging portfolio of coverage, including personal auto, homeowners, excess, and collections insurance for high-net-worth clients that was sold off by Allianz if it wasn't bolted down. Commercial insurance products included 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.
In September of 2014 it was announced that Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialty corporate insurer, would fully integrate Fireman’s Fund’s commercial property/casualty insurance business beginning on January 1, 2015. In a move following the announcement of the integration, ACE agreed to acquire Fireman’s Fund Insurance Co.’s personal lines business for a total of $365 million. The deal closed in the second quarter of 2015.
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.
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Wikipedia