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You are here: Home / Archives for Lumber Memo

President’s Commentary

February 7, 2024 by PLM

Lumber Memo, Issue 1 2024As I am writing this commentary, we have not yet reported our year-end financial results as a company to our Board of Directors, so I will refrain from going into specific details about our results. Suffice to say, we expect to see strong investment income which will overcome an underwriting loss and produce operating income... [Read More]

Filed Under: Lumber Memo

Spotlight On: Upcoming Events List

November 15, 2023 by PLM

Here are some of the upcoming events where you can find us! NJ AWI - Greater Lehigh Valley Joint Event 11/17/23 – Emmaus, PA NRLA - LBM Expo 12/6/23 – Uncasvile, CT Charlotte Build Expo 12/6/23 – Charlotte, NC NHRLA / RLDAM / NRLA - Annual Meeting 12/6/23 – Ucasvile, CT WCLBMA - Second Growth... [Read More]

Filed Under: Lumber Memo

Spotlight On: 3.5% Dividend for NEMEON

November 6, 2023 by PLM

We are pleased to return a dividend to the participating members of the NEMEON Safety Group Dividend Plan. The group ended with a 39.71% group loss ratio after final calculations, earning the members a 3.5% dividend for their 2022/2023 plan year. Dividend checks were sent directly to all participants at the end of October.  NEMEON... [Read More]

Filed Under: Lumber Memo

Spotlight On: United Way Campaign – A Look at Our 2023 United Way Campaign

November 6, 2023 by PLM

The United Way mobilizes communities around the world to close gaps and open opportunities so everyone can thrive. Through their global network spanning 37 countries and 1,100 communities, United Way connects partners, donors, volunteers, and community leaders to tackle the root causes of the world’s most complex challenges while making a positive impact in the... [Read More]

Filed Under: Lumber Memo

Spotlight On: PLM Earns Several Major Insurance Awards

November 6, 2023 by PLM

We are pleased to announce that PLM has won several major insurance industry honors from leading insurance industry publications. We have been named the Risk Carrier Team of the Year by Inside P&C and named a member of the NU Property Casualty360’s Luminaries Class of 2023 as a leading innovator in workplace culture. In addition,... [Read More]

Filed Under: Lumber Memo

President’s Commentary

November 6, 2023 by PLM

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]

Filed Under: Lumber Memo

Dovetail: Inflation and Property Values – Is Your Business Adequately Protected? 

November 6, 2023 by PLM

The Dovetail HeaderMost 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]

Filed Under: Lumber Memo

Fall Protection in the Workplace

November 6, 2023 by PLM

Preventing falls at the workplace is essential when it comes to employee safety. In addition to finding the right workers’ compensation coverage, it is equally important to have a fall protection safety plan in place and to understand how to implement it within the workplace.  Fortunately, over the years, injuries and fatalities in the workplace... [Read More]

Filed Under: Lumber Memo

Plumb Safety: Preparing for Tornadoes, Wind, and Hail  

November 6, 2023 by PLM

Plumb Safety HeaderYear 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]

Filed Under: Lumber Memo

Safety Training for Your New Hires

November 6, 2023 by PLM

One of the most crucial times to train your employees is during the first six months on the job when they are at higher risk of injuries. In order to protect and retain your quality employees, it is key to effectively train your new employees on best safety practices.  Planning your safety training  One of... [Read More]

Filed Under: Lumber Memo

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Pennsylvania Lumbermens Mutual Insurance Company
One Commerce Square
2005 Market Street, Suite 1200
Philadelphia, PA 19103

Toll Free: 1.800.752.1895
Fax: 215.625.9097
CustServ@plmins.com

              
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