Word: fireman
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Dates: during 1930-1939
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...noted that "a man cannot walk home of an evening without his head being round all quarters at once, on the lookout for a slung shot." In 1862 San Francisco acquired its first paid fire department. The next year a retired sea captain named William Holdredge started Fireman's Fund Insurance...
...plays the flute, but this and his long patronage of music in San Francisco are matters of diversion. For 60 years Mr. Levison's business has been with disaster by land & sea. Fortnight ago he retired from the presidency to the chairmanship of San Francisco's famed Fireman's Fund Insurance Co. Last week its two main subsidiaries confirmed him in the same change of office. Having thus ended 20 years in active management of the second largest marine underwriter in the U. S. and the largest insurance company on the Pacific Coast, Mr. Levison dived into...
...city of Chicago and caused the great $200,000,000 fire. In the next few months 68 U. S. insurance companies failed and 81 were forced to suspend business outside their own States. To pay off claims against it of $529,365 required not only every cent of Fireman's Fund capital but an assessment on its stockholders. Chairman Levison likes to boast of this as the first time the company went broke and yet survived. The second time was after the Great San Francisco earthquake and fire in 1906. and this time Mr. Levison played a principal part...
...evening of April 21, 1906, Fireman's Fund, with a capital of $1,000,000 and assets of $7,000,000, owed its policyholders in the smoldering city more than $11,000,000. Then vice president in charge of the marine division, Jacob Levison proposed the formation of a new company to take over the insurance of the old, minus San Francisco losses. Each director was asked to subscribe to stock in the new corporation in a ratio of twice the amount of the par value of his former holdings. All but one agreed. Mr. Levison made their subscription...
With 10,000 agents in the U. S. and a sprinkling in Europe, South America, Africa, Asia, Hawaii, Australia, New Zealand and Arabia, Fireman's Fund is now sixth in volume of premiums among all U. S. insurance companies. Premium income on its underwritings has risen from $12,658,000 in 1933 to $16,326,000 in 1936. Fire insurance is now its smallest field, ocean marine its largest. It writes all forms of insurance except life. Mr. Levison's successor as president of the com-pany is tall, bald Yaleman Charles R. Page. 59, who has been...