Fireman’s Fund Warns About Bogus Surety Bonds Marketed Under Its Name

September 16, 2005

Fireman’s Fund Insurance Company has issued a broad statement nationwide alerting customers, agents, engineers and contractors to the possibility of fraudulent surety performance bonds being marketed under the name of Fireman’s Fund Insurance Company or National Surety Corporation for projects related to reconstruction following Hurricane Katrina.

Fireman’s Fund discontinued underwriting new surety accounts in 2001, and does not issue contractor performance bonds. Prior to discontinuance, surety performance bonds were issued by The American Insurance Company, National Surety Corporation, Associated Indemnity Corporation, American Automobile Insurance Company and Fireman’s Fund Insurance Company. Currently the only surety performance vehicles underwritten by Fireman’s Fund are completion guarantees for Hollywood film productions issued through International Film Guarantors, a Fireman’s Fund subsidiary.

If any producer discovers new bonds being attributed to Fireman’s Fund, they are urged to call Phil Dodaro of Fireman’s Fund Corporate Investigations at 312.345.2452 as soon as possible.

Fireman’s Fund is a member of the Allianz AG Group.

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