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You are here: Home / Archives for Producer Update

You Need a Cyberattack Response Plan. Here’s Why.

September 20, 2023 by PLM

With Cybersecurity Awareness Month approaching in October, we wanted to share with you some additional cyber tips for you and your clients. Keep an eye out throughout October on PLM’s social accounts for more resources and communications to help you talk to your clients as well as your employees to protect your data and practice... [Read More]

Filed Under: Producer Update

Navigating a Hard Market

September 20, 2023 by PLM

On March 24, 1986, Time Magazine’s cover article was titled “Sorry, America, Your Insurance Has Been Cancelled.” The article referenced the collapse of the U.S. commercial liability insurance market – principally associated with run-away inflation and the bursting of a historically high interest rate bubble. Today, we see this also impacting property insurance. The U.S.... [Read More]

Filed Under: Producer Update

Cyber Corner: Company Size Doesn’t Matter

September 20, 2023 by PLM

Cyber Corner HeaderDo you think hackers only target large corporations for their cyberattacks? Think again! If you are an employee of a small to medium-sized organization, you may be even more at risk of being targeted for cyberattacks. Cybercriminals target smaller organizations because they assume that these organizations have fewer defenses in place to prevent cyberattacks. According... [Read More]

Filed Under: Producer Update

Spotlight On: Lindsey DiGangi and Kelly Sullivan Named Lumber Industry Award Winners

September 20, 2023 by PLM

As the oldest and largest mutual insurer dedicated to protecting lumber and wood products businesses, PLM strives to be a valued member of this community. This goes beyond simply attending events or providing risk management counsel. We aim to be a visible contributor and partner to our industry’s associations and the wood industry as a... [Read More]

Filed Under: Producer Update

Producer Update: Issue 4 – 2023

September 19, 2023 by PLM

Producer Update: Issue 4 2023With fall now upon us, comes the normal surge in late year activities as we all attempt to put the finishing touches on the year. It is still too early to tell profit-wise what type of year it will be at PLM. We continue to be deeply entrenched in wildfire and hurricane seasons. With Hurricane... [Read More]

Filed Under: Digital Producer Update, Producer Update

The Dovetail: Combatting Costly Litigation: How Lumber Businesses Can Stay Ahead

July 25, 2023 by PLM

The Dovetail: Combatting Costly Litigation: How Lumber Businesses Can Stay AheadCombatting Costly Litigation: How Lumber Businesses Can Stay Ahead John Kennealy, VP – Claims Social inflation and nuclear verdicts, where juries have ruled against business owners, have created a difficult environment for lumber business owners. Any mistake or accident can lead to massive losses that could cause temporary or permanent business shutdowns. This hasn’t always... [Read More]

Filed Under: Producer Update

Plumb Safety: Protecting Your Business Against Weather-Related Claims

July 25, 2023 by PLM

Plumb Safety: Protecting Your Business Against Weather-Related ClaimsHelping Your Clients Against Weather-Related Claims When looking at property claims, one of the significant factors is weather-related losses. Severe weather events such as hurricanes and wildfires are becoming the norm across the country. Catastrophic (CAT) events have been increasing in both frequency and severity with new areas being affected that have not been before.... [Read More]

Filed Under: Producer Update

Prevent, Learn, Maximize: Lessons from Large Losses

July 25, 2023 by PLM

PLM Large Loss Overview In a high severity segment like the lumber niche, we have seen our share of large losses over the years. Large loss claims carry significant risk and scrutiny beyond traditional commercial insurance claims. These types of insurance claims typically include multiple parties, complex legal issues, and potentially tens of thousands of... [Read More]

Filed Under: Producer Update

How to Submit a Claim to PLM

July 25, 2023 by PLM

If your client suffers a loss, here is what you need to know so that we can work with you and the insured to handle their claim in a timely manner. Our goal is to get their business back to normal as fast as possible. You can submit a claim with PLM using one of... [Read More]

Filed Under: Producer Update

Recent Wins

July 25, 2023 by PLM

Check out some of the accounts we have recently written throughout the country! EAST - PLM Millwork Mfg. & Supplier - FL: $24,000 1-Person Woodworking Shop - NJ: $3,400 Architectural Millwork Mfg. - NY: 42,000 Custom Wood Table Mfg. - NC: $2,700 Wood Furniture Mfg. - WV: $150,000 Sawmill - SC: $1,600 CENTRAL - PLM... [Read More]

Filed Under: Producer Update

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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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