Before delving into an overview of our operating results, I thought I would start off with a topic that is currently front and center, tariffs. I am not going to debate whether tariffs are good or bad, but to provide my viewpoint on how they may impact both of our businesses. The issue that we... [Read More]

What is Reinsurance, and How Does It Impact Lumber Businesses? By Steve Firko We in the lumber and building materials industry have felt the brunt of the increasing frequency and severity of catastrophic (CAT) events in recent years. On top of these events, the recent uncertainty surrounding the global markets has made transferring risk difficult,... [Read More]

Are We Facing a Coverage Crisis? By Steve Hicks Recent announcements of trade deals and new tariffs have made the S&P 500 look like a Six Flags roller coaster. During this period of market uncertainty and volatility, many lumber and building material business owners and operators have adopted a wait-and-see attitude before addressing any needed... [Read More]

PLM Kicks off the New Year with Leadership Moves and Promotions Pennsylvania Lumbermens Mutual Insurance Company (PLM), the largest mutual insurer dedicated to wood-related businesses, today announces several leadership changes and promotions within the company’s executive staff. The changes are part of PLM’s strategy to enhance the organization’s profitability and growth and prepare for the... [Read More]

Lumber Memo: Issue 1 - 2025 IN THIS ISSUE: President’s Commentary The Past, Present, and Future of PLM Cyber Corner : Encrypted Email Procedures Spotlight On: PLM Kicks off the New Year with Leadership Moves and Promotions Spotlight On: Upcoming Events PREVIOUS: Spotlight On: PLM Kicks off the New Year with Leadership Moves and Promotions... [Read More]

Encrypted Email Procedures  We wanted to make you aware of a new email procedure effecting emails sent externally to our policy holders. This system will automatically be able to detect when an email contains sensitive information and it will become encrypted. When the email arrives in your inbox, it will arrive encrypted, showing our PLM... [Read More]

I am sure by now you’ve become aware of the reorganization of our leadership team here at PLM, but if not, a copy of the press release is included in this issue for your review. We are pleased with the feedback that we've received from insureds, brokers, trade association executives, and other stakeholders. It's rare... [Read More]

Planning for Safety in 2025 By: Lindsey DiGangi, AVP- Marketing As the year winds down, you’re likely getting deeper into your 2025 planning. As you consider your next strategic initiatives, don’t forget about planning for safety as well! Here are a few items we suggest adding to your 2025 plans: Scheduling Preventative Maintenance: Spending time... [Read More]

Lumber Memo: Issue 5 – 2024 IN THIS ISSUE: President’s Commentary Cyber Corner:  AI Where We’re At and Where It’s Headed Green Tree Risk Partners: Added Benefits Plumb Safety: Winter Weather Preparation The Dovetail: Planning for Safety in 2025 Spotlight On: PropertyCasualty360 Luminaries Award Spotlight On: Upcoming Events PREVIOUS: Spotlight On: Recent Awards NEXT: