Fireman’s Fund Insurance Made Golden Gate Bridge A Reality
| Business Wire, Inc. |
A Local Bay Area Company Underwrote the Construction Surety Bond
Back in the 1930s, construction of the
According to the
In the final vote, 145,697 voted for construction, while just 47,005 opposed the idea. Having the construction bond insured by Fireman’s Fund helped to create confidence in the project.
"We are so proud to share in the rich history of this iconic bridge whose extraordinary architecture and beauty has led it to become a symbol of the gateway to
Insuring the building of the
Below is a timeline that illustrates Fireman’s Fund’s history of insuring major events:
Great
While many insurers went bankrupt, Fireman’s Fund paid all claims, even though its losses exceeded its assets. This demonstration of endurance earned the company a national reputation.
One year after the
San Francisco Earthquake (1906)
The company’s headquarters were completely destroyed, but Fireman’s Fund paid the claims of all policyholders, with a combination of cash and stock.
Charles Lindbergh’s Trans-Atlantic Flight (1927)
Fireman’s Fund insured the construction of the Spirit of
The “Talkies” (in the late 1920s)
Fireman’s Fund insured movie studios concerned about the risk of introducing movies with sound – the “talkies.” Since then the company has played a significant role in underwriting insurance for major motion pictures.
Refurbish of the
Again, Fireman’s Fund stepped up and underwrote the construction bond for the refurbishing of the
About Fireman’s
Founded in 1863, Fireman’s
Fireman’s
[email protected]
Source: Fireman’s
| Copyright: | Copyright Business Wire 2012 |
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