PLM Monthly Highlights series for insurance producers and brokers – our newsletter to keep informed on news and updates from Pennsylvania Lumbermens Mutual.
Working with a wood industry-related client? Send your applications to: NewBiz@plmins.com
Why Strong Carrier Partners Are a Must in a Hard Market
The hard insurance market for many product lines continued throughout 2023, with rate pressure, underwriting scrutiny, and capacity restrictions expected into 2024. A strong partnership with your carriers is essential for agents to navigate this hard market, help clients get the insurance protection they need, retain business, and gain new customers.
Looking ahead to 2024, take the time to analyze your book of business to determine which niche markets in which geographic locations are profitable and aligned with your carriers’ appetites. Focus your marketing strategy on these segments and territories. Beef up your marketing campaigns to target these segments with a product offering that distinguishes you in the market.
HBSDealer Top Women Leaders and Rising Stars
HBSDealer Top Women in Hardware & Building Supply honored our own Kelly Sullivan with the Rising Star Award this year. As a Senior Loss Control Representative at PLM, Kelly has embodied the traits of business excellence and the potential to make a difference within PLM and her own community.
Storage Yard Blaze in Downtown Los Angeles
On November 11, 2023 the Los Angeles City Fire Department responded to a reported rubbish fire in Downtown Los Angeles. The first arriving fire company found a large storage yard with pallets, trailers and vehicles, well involved in fire with buildings exposed. Â The incident was immediately upgraded to a structure fire response with additional resources enroute.
As firefighters established heavy stream hand lines and ladder pipes, wind pushed the heat and flames under the freeway and across the street, igniting a second storage yard. The span of the incident, covering nearly eight acres, required transition to a Major Emergency incident with 26 fire companies assigned. Ultimately, over 164 firefighters worked through the night to extinguish the fire and successfully defend three commercial buildings from damage.
It is always important to make sure your clients are taking the proper safety precautions to prevent losses such as this. You can access our Loss Control Center for additional information and resources.
Learn More about how to keep your client’s safe by visiting our Loss Control Center.
Wondering about new business opportunities in your own neighborhood? Here are some examples of accounts successfully written by PLM or with WC placed through Green Tree Risk Partners.PLM
Window & Door Mfg. – NY : $118,800
Building Materials Supplier – OH : $139,000
Lumberyard – PA : $55,100
Homebuilding Supply Store – MI : $72,200
Specialty Construction Supply Store – FL : $1,362,800
Cabinet Supply Mfg. – GA : $118,400
Farm Gates Mfg. – KY :$629,300
Millwork and Fence Distributor – LA : $155,800
Truss Mfg. – TX : $604,200
Softwood Veneer and Plywood Mfg. – CA : $94,800
Wood Packaging Supplier – IL :$664,700
Log Furniture Mfg. – CO : $65,500
Green Tree Risk Partners
Recycled Pallet Mfg. – RI : $48,000
Piano Part Mfg. – NY : $101,400
Architectural Woodworking Mfg. – CT : $28,00
Log Home Component Mfg. – MI : $26,000
Bamboo Product Mfg. – FL : $67,000
Sawmill – KY : $23,900
Hardwood Products Mfg. – TN : $37,500
Lumberyard – LA : $11,500
Hardwood Flooring Mfg. – WI : $91,000
Specialty Building Products Distributor – CO : $118,000
Flooring Installation – TX : $204,800
Sawmill – IL : $18,500
Find PLM and GTRP at these upcoming insurance conventions and trade show events:- 02/01 – PIA NY Metro Rap – New York, NY
- 02/05 – KAIA Annual Convention – Wichita, KS
- 02/21 – IIAM Agency Management Conference – Jackson, MS
- 02/21 – Houston I-Day – Houston, TX
- 02/22 – NIIA Annual Tradeshow – Reno, NV
- 03/03 – WSIA Underwriting Summit – Phoenix, AZ
- 03/19 – Los Angeles I-Day – Pasadena, CA
- 03/20 – IIABSC Spring Conference – Columbia, SC
- 03/21 – MAIA Small Agency Conference – Columbia, MO
- 03/28 – PIIAC Convention – Englewood, CO
