Preservation Society of Newport, Rhode Island Selects Fireman's Fund Insurance Company to Insure Historic Newport Mansions.NEWPORT, R.I. -- The Preservation Society of Newport County The Preservation Society of Newport County is a non-profit organization based in Newport, Rhode Island. It is Rhode Island's largest and most-visited cultural organization. The organization's mission is to preserve the architectural heritage of Newport County, Rhode Island. , Rhode Island Rhode Island, island, United States
Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. today announced that it has chosen Fireman's Fund Insurance Company Fireman's Fund Insurance Company is a Novato, California-based insurance company owned by Allianz SE of Germany. It was founded June 18 1863 and issued its first policy to Walter Hawxhurst covering one half interest in 1,000 kegs of Boston syrup for a premium of $12. to provide insurance coverage and risk management services to its 11 historic properties known as the Newport Mansions.
"We selected Fireman's Fund(R) because, in addition to the very comprehensive coverage they provide, they offer professional risk management advice and other services that will help protect Newport's beloved historic homes," said Trudy Coxe, chief executive officer and executive director of the Preservation Society. "With their years of experience protecting the country's most exquisite homes, Fireman's Fund will be an important partner in preserving and maintaining the historic and cultural significance of these homes."
"The size, grandeur, unique construction and age of the mansions all present unique risks that make the Newport Mansions very complex properties to insure," said Chris Heidrick, vice president of personal insurance at Fireman's Fund. "The Preservation Society was looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an insurer who had full appreciation of the historic and sentimental value of its homes. Our specific focus on insuring million-dollar-plus homes gives us the experience needed to properly protect these one-of-a-kind properties."
The Fireman's Fund underwriters used a flexible version of the company's homeowner's insurance product to extend coverage, including windstorm wind·storm
A storm with high winds or violent gusts but little or no rain.
A storm with high winds or violent gusts but little or no rain. and flood protection, to all 11 mansions and their landscaping.
About Fireman's Fund
Fireman's Fund Insurance Company is a premier property and casualty insurance company providing personal, commercial and specialty insurance products nationwide. Fireman's Fund is a member of the Allianz Group (NYSE NYSE
See: New York Stock Exchange :AZ), one of the world's largest providers of property and casualty insurance and other financial services. For additional information, visit www.firemansfund.com.
About the Preservation Society of Newport County
The Preservation Society of Newport County, Rhode Island is a non-profit educational organization accredited accredited
recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria.
cattle herds which have achieved a low level of reactors to, e.g. by the American Association of Museums The American Association of Museums (AAM) is a non-profit association that has been bringing museums together since its founding in 1906, helping to develop standards and best practices, gathering and sharing knowledge, and providing advocacy on issues of concern to the and dedicated to preserving and interpreting the area's historic architecture, landscapes and decorative arts. Its 11 historic properties -- seven of them National Historic Landmarks -- span more than 250 years of American architectural and social development.
(C) 2006 Fireman's Fund Insurance Company, Novato, CA 94998