Fireman’s Fund faces uncertainty amid restructuring by German parent Allianz
by Richard Halstead
The future of Novato-based Fireman’s Fund Insurance Co., Marin’s fifth-largest employer, is in doubt following an announcement that one part of the company is being restructured and an earlier news report that the remainder of the company might be for sale.
Robert Eyler, head of the Marin Economic Forum and a professor at Sonoma State University, said it is difficult to say how the changes at Fireman’s Fund will affect Marin’s economy given the information available at this time.
“On the surface,” Eyler said, “it sounds like they may be reducing their local footprint or moving part of the footprint.”
But Eyler said sale of the personal lines businesses might not be a negative development for Marin if local companies were to acquire the business.
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