Pennsylvania Lumbermens Mutual Insurance Company (PLM), the largest mutual insurer dedicated to wood-related businesses, today announces the confirmation of their financial strength rating as A- (Excellent) with a stable outlook by A.M. Best Rating Services, Inc.
“PLM is proud to share the affirmation of our rating, which showcases the incredible work of our team and the great services we have to offer,” said John Smith, president and CEO of PLM. “This A.M. Best Rating recognizes our financial strength and dedication to supporting our clients. Thank you to our team for their continued excellence, and to our insureds for their dedication to being safety-minded businesses, particularly as we navigated 2020 and the challenges presented by the COVID-19 pandemic. We look forward to continuing to serve our clients with new programs and offerings in the years ahead.”
For more than 126 years, PLM, the oldest mutual insurer in the wood niche, has served as a valued partner to its clients providing superior coverage and service. To learn more about PLM and their offerings, please visit https://www.plmins.com/.
About Pennsylvania Lumbermens Mutual Insurance Company
Pennsylvania Lumbermens Mutual Insurance Company (PLM) (www.plmins.com) is a nationally recognized property and casualty insurance carrier serving the lumber, woodworking and building materials industries. Backed by 126 years of experience, the Philadelphia, Pennsylvania-based company protects over 5,000 businesses nationwide with property, general liability, inland marine, business automobile, commercial excess liability and equipment breakdown coverages.