Fireman's Fund is marking its 150th anniversarywith a traveling exhibit of vintage artifacts that link thecompany's underwritten policies to some of the nation's mostimportant moments, from great disasters to the early days of moviesand aviation.

|

|

The exhibit, which began its journey in San Francisco in April,will move to Seattle on May 15; Minneapolis, May 21; New York, June11; Atlanta, July 16; Los Angeles, Sept 10; St. Louis, Sept 24; andend in Chicago, Oct 10.

|

Click next to see some of the most significant insured risks inFireman's Fund's history.

|

|

Fireman's Fund's first policy, written in 1863, insured half theinterest in 1,000 kegs of Boston molasses syrup, with a premium ofa $12 cash advance, a sum that would be worth more than $200 today.

|

|

The Great Chicago Fire of 1871 destroyed insurance companiesthat couldn't stand the financial heat of a tragedy that costhundreds of human lives and nearly $100 million in property losses.According to company spokesman Paul Fuegner, although Fireman'sFund's share of the loss exceeded all the company's availableassets, each claimholder received 50 cents cash on-hand, plus anIOU with interest, from the insurer within 60 days of the fire.

|

|

The company was shaken once again when its headquarters crumbledduring the San Francisco Earthquake of 1906, but Fireman's Fundused a combination of cash and stock to pay its unprecedentedpolicyholder claims.

|


Source: AP Images

|

Fireman's Fund underwrote some of the earliest movies with soundin the 1920's, such as the swashbuckling Douglas Fairbanks Sr.films, and has since put its stamp on classics likeLassie, Mutiny on the Bounty, Spartacus, Top Gun,and The Lord of the Rings.

|

|


Source: AP Images

|

When Charles Lindbergh took off in the Spirit of St. Louis in1927, flying more than 33 hours from New York to Paris, the riskybut groundbreaking flight was insured by Fireman's Fund.

|

|

The Golden Gate Bridge was completed in San Francisco in 1937with the help on a Fireman's Fund surety bond. In true riskmanagement practice, hard hats were first developed forconstruction workers during the building of this bridge.

|

|


Source: AP Images

|

In 1970, Fireman's Fund wrote a $10 million policy on a nationaltour of the Apollo II Space Capsule, bringing a piece of the moondown to man.

|


When the Statue of Liberty began a two-year renovation in 1984,Fireman's Fund issued a $95 million all-risk policy against herexposure to fire, flood, earthquake, vandalism and other physicaldamage.

|

|

On July 4, 2011, Lori Fouché became the chief executive officerof Fireman's Fund, the first African-American woman to serve as theCEO of a top property and casualty insurance company in the UnitedStates.

|

In 2006, Fireman's Fund combined its three sustainable-buildinginsurance policies into one policy for real estate customers, whichinsures a building's existing 'green' features, pays for a greenupgrade investment, and pays to recalibrate the efficiency ofheating, plumbing and electric systems.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.