There are many topics I want to touch on in this commentary. Beginning with a quick look at our current results, the continued weather-related claims, as well as poor results in the general liability and commercial auto areas contributed to our unprofitability from an underwriting perspective through the end of September. This has only been... [Read More]

Most lumber business owners already understand the many ways that inflation has impacted their companies. In their world, it is no secret that prices for building materials and labor have risen on average by about 36% over the last three years alone, according to the U.S. Bureau of Labor Statistics Producer Price Index (PPI). But... [Read More]

Year after year, we hear about catastrophic and destructive hurricanes. Just a few months ago, Hurricane Idalia caused an estimated $3 to $5 billion in private market insured losses. Hurricanes are a major threat to homes and businesses nationwide and around the world, but they are not the only catastrophe to keep an eye on.... [Read More]

As the oldest and largest mutual insurer dedicated to protecting lumber and wood products businesses, PLM strives to be a valued member of this community. This goes beyond simply attending events or providing risk management counsel. We aim to be a visible contributor and partner to our industry’s associations and the wood industry as a... [Read More]

It is often said that when you purchase insurance, you are buying a promise. Put succinctly, in exchange for a premium, you are receiving a promise that if you have a claim, you will be made whole to the fullest extent possible. The insurance promise can only cover that which has been defined in the... [Read More]

From advanced manufacturing applications, aging infrastructures, and new technologies, equipment risks are changing, but breakdowns remain inevitable. When you think of the different types of equipment you use in your daily operations, from boiler systems, electrical systems, machinery and manufacturing equipment, and computers, any one breakdown to a system can bring your business to a... [Read More]