Historical Timeline of Pennsylvania Lumbermens Mutual Insurance Company (PLM)
1752 - HERITAGE OF AN IDEA
February 1895 - FROM LUMBERMEN, FOR LUMBERMEN
A need for insurance arose from the flourishing lumber industry in Pennsylvania. Due to the unfair rates being charged by stock companies, Edward Henson, a successful lumber executive who headed up the Insurance Committee for The Lumbermens Exchange, formed with other lumbermen, Pennsylvania Lumbermens Mutual Fire Insurance Company, later to be Pennsylvania Lumbermens Mutual Insurance Company (PLM).
1911 - A BANNER YEAR
1921 to 1931 - BOOM TIMES
1943 - SAFETY SERVICES
1940s & 1950s - CONTINUED GROWTH
1950s - DIVERSIFICATION
The Fifties also mark a decade of diversification. With manufacturing trends utilizing metals and other “modern” materials, the woodworking and manufacturing industries responded with new inventions and applications for their products, requiring the development of new coverages. With the advances into allied building materials, PLM began to step-up its loss control efforts with a more formalized prevention program.
1956 - A BUILDING OF OUR OWN
1960s - NATURAL DISASTERS
Late '60s - A RETURN TO OUR ROOTS
1967-1984 - CONNECTING WITH THE INDUSTRY
Closer ties with the industries it was created to serve and new technological advances prompted PLM to strengthen its Loss Control programs. While the company had always provided educational and informational materials on fire prevention and safety in the workplace – as far back as 1915 – PLM now established a formal Loss Control Department.
1980’s - PUT TO THE TEST
1988-1995 - EVOLUTION
July 2013 - BETTER TOGETHER
PLM affiliates with longtime competitor Indiana Lumbermens Mutual Insurance Company. The combination of the two companies creates the opportunity to capitalize on the strengths of each organization and offer a broader and financially stronger market for policyholders.
The United Way of Greater Philadelphia and Southern NJ honors PLM/ILM as one of two recipients of the “Culture of Caring Award”. Over 90% of employees contributed to the Southeastern Pennsylvania and New Jersey or Indiana United Way campaigns in 2013-14. Read more about the award
August 2015/December 2017 - PROTECTION FOR THE TIMES
Later in December of 2017, Cyber Liability coverage is introduced to PLM policies to help protect our customers from fallout of cyberattacks and data breaches.
Read more about the award
President & CEO John Smith awarded the Distinguished Leadership Award at the Insurance Society of Philadelphia Independence Gala. PLM and its supporters and partners worked together to raise around $44,820 and 300 smoke detectors to the Philadelphia Fire Department Foundation at the Gala. Read more about the award and the Gala here
March 2019 - PLM PROUD
PLM recognized as a 2019 Top Workplace by The Philadelphia Inquirer. The Philadelphia Inquirer recognized 125 Companies and Organizations in Philadelphia as Top Workplaces for 2019 based on surveys about the workplace completed by their employees.
125th Anniversary of PLM’s Founding
PLM recognized as a 2020 Top Workplace by The Philadelphia Inquirer. The Philadelphia Inquirer recognized 125 Companies and Organizations in Philadelphia as Top Workplaces for 2020 based on surveys about the workplace completed by their employees. PLM was the highest scoring company in the survey for “I get the formal training I want for my career.”
PLM recognized as one of the 2021 Top Workplaces in the US.
April 11, 2021
PLM recognized as a 2021 Top Workplace by The Philadelphia Inquirer. In its 12th year, the Awards program recognizes the best employers in Greater Philadelphia in the public, private, nonprofit and government sectors.