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You are here: Home / Broker Monthly Highlights / Monthly Broker Insider: October 2024

Monthly Broker Insider: October 2024

October 18, 2024 by PLM

PLM Monthly Broker Insider
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Pennsylvania Lumbermens CEO Warns of Leadership Vacuum as Insurance Industry Grays

At the recent NAMIC Conference, John Smith, president and CEO, shared PLM’s approach of placing younger leaders in key roles and allowing them to gain experience.

In our newest video blog series, “Insights from the Top: 3 Questions with PLM Leaders” we interview Erin Selfe and discuss the importance of information technology and cybersecurity.

Risk Alert: Bicycle Scams

There may be times where people may file false claims against you, alleging that you caused them harm or damage. In more serious cases, someone may stage accidents and injuries to file a false claim. Some criminals will even intentionally cause auto accidents, making it look like innocent drivers were at fault. Unfortunately, we have seen an uptick in false claims, especially revolving around cyclists and our insured drivers.

These scammers will either stage an injury in front of a vehicle or purposedly drive into the vehicle and claim that they were struck. They often have accomplices nearby to act as witnesses against the driver to claim they were at fault.

It’s important to gather information and evidence that proves the incident did not occur or that details have been fabricated. If you or one of your drivers were involved in an accident, you should:

  • Take detailed photos of the scene
  • Obtain footage from cameras in the area or your own dash cam
  • Gather contact information and statements from any witnesses

Every time you have to answer to false claims against your fleet drivers, you lose money.

Fleet managers across our industry can relate to the struggle. False claims against fleets can cost thousands, or even millions of dollars. Therefore, working with providers who prioritize fleet safety will protect your fleet operations. PLM is pleased to offer our customers telematics monitoring through Azuga and GPS Insight, industry leaders in driver risk management. With systems like these in place you have access to real-time data and video footage with GPS tracking solutions and dash cam systems.

Learn more HERE

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

  • Custom Millwork Mfg. – NJ : $13,000
  • Custom Wooden Crate Mfg.  – OH : $76,000
  • Cabinet Mfg. – NY : $36,100
  • Portable Sawmill – ME : $8,500
  • Custom Furniture Mfg. – PA : $30,500
  • Hardware Store – MS : $12,400
  • Custom Millwork Mfg. – FL : $162,000
  • Truss Mfg. – AL : $4,000
  • Pallet Mfg. – IL : $176,000
  • Lumberyard – MO : $43,000
  • Cabinet Door Mfg. – TX : $3,000
  • Wooden Crate Mfg. – CA : $18,000
  • Custom Cabinet Mfg. – MN : $18,400
  • Wooden Door Mfg. – TX : $4,600
  • Sawmill – NV : $105,000

Green Tree Risk Partners

  • Custom Cabinet Mfg. – PA : $8,600
  • Custom Millwork Mfg. – NY : $1,300
  • Hardware Store – WV : $80,700
  • Hardwood Flooring Mfg. – NJ : $1,000
  • Log Home Mfg. – VT : $10,000
  • Building Supply Store – GA : $20,000
  • Wooden Barrel Mfg. – AL : $5,000
  • Mulch Supplier – TN : $4,000
  • Lumberyard – MS : $10,500
  • Custom Cabinet Mfg. – FL : $22,500
  • Custom Furniture Mfg. – MT : $3,000
  • Custom Cabinet Mfg. – NV : $4,000
  • Lumber Yard – CA : $13,000
  • Wooden Panel Mfg.– SD : $12,500
  • Wooden Flooring Mfg. – CA : $21,000
Find PLM and GTRP at these upcoming insurance conventions and trade show events:

View Full Event Listing Here

Filed Under: Broker Monthly Highlights

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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