Standard & Poor’s has placed Fireman’s Fund...

Standard & Poor’s has placed Fireman’s Fund debt ratings under watch. S&P; said the debt ratings were placed under surveillance “with negative implications” after the California company said it would add $360 million to its loss reserves to cover potential claims from 1984 and earlier. The credit watch covers the parent company, Fireman’s Fund Corp., and all its insurance subsidiaries--about $275 million in long-term debt and $850 million in commercial paper, S&P; said.