Mr. Speaker, it gives me great pleasure to recognize the 150th anniversary of Fireman's Fund Insurance Company, which was established in the city of San Francisco in 1863, and which is now headquartered in my Congressional District in…
Mr. Speaker, it gives me great pleasure to recognize the 150th anniversary of Fireman's Fund Insurance Company, which was established in the city of San Francisco in 1863, and which is now headquartered in my Congressional District in Novato, California. A celebration of this important milestone will be taking place on April 4th at the Old San Francisco Mint.
Fireman's Fund has been one of the nation's premier insurance companies, protecting the future for individuals, families, and businesses. Its own history parallels that of both this state and country. Fireman's Fund has insured the construction of national landmarks including the Hoover Dam, the Golden Gate Bridge, and Charles Lindbergh's Spirit of St. Louis.
It survived the Chicago Fire of 1871 and the San Francisco Earthquake of 1906, playing a critical role in rebuilding after the devastation. The company was also there when it mattered for many displaced people after the Loma Prieta earthquake of 1989.
This company is a true innovator--the first insurance provider to write a standing grain policy in the U.S., the first carrier to offer nationwide automobile insurance and standardized homeowners insurance, and the first company to add ''green'' insurance to their offerings for homes and businesses.
The Fireman's Fund name, which is heralded in California, emanates from the founder's arrangement to pay 10 percent of the company's profits to support the widows and orphans of firefighters who died in the line of duty. That tradition continues today through the company's Heritage Program ', providing fire departments throughout the nation with life-saving equipment and training. Working in combination with its employees, agents and brokers, the company has distributed more than $30 million to support firefighters for safer communities since 2004. The company has also been a benefactor of numerous charities in the San Francisco Bay Area and its generosity has added tremendously to the vitality of our communities.
More than 1,200 Californians work for Fireman's Fund, with the majority of them residing in my own Congressional District. They are not only dedicated professionals who partner with agents and brokers to provide high quality insurance services, but many spend countless hours engaged in volunteer work for a variety of causes.
I look forward to being at the 150th Anniversary Celebration of Fireman's Fund on April 4th. It is a great company with outstanding people and it remains one of California's most enduring financial institutions. Given the time of rapid change in which we live, it is comforting to know that companies like Fireman's Fund still endure, and I ask my colleagues to join me in wishing them well with the hope that they will still be with us for another 150 years.