We’re very excited to unveil our latest video from our new blog series titled “Insights from the Top: 3 Questions with PLM Leaders.” Every month, we’ll feature a different member of our leadership team, offering their perspectives on industry trends and the crucial role PLM plays in addressing the needs of the wood niche.
In this month’s edition, we are joined by AVP Regulatory & Government Affairs – Matthew Kienholz
His thoughts? The P&C insurance industry is facing never before seen regulatory pressures.
We need to become fluent in a world of new oversight pertaining to transparency, risk-based pricing, data privacy, as well as tort reform.
From his perspective this all begins with education.
“It’s our responsibility to ensure that we are monitoring the legal landscapes in every state that we are advocating for the appropriate positions when possible.
“We’re also subsequently implementing new regulations in the most efficient way. As a country wide insurer, we also have the duty to work with the state Department of Insurance to navigate any data requests or examinations,” shares Kienholz.
There is hope. As we continue to become more aware of the changes in the industry, there’s plenty of opportunity.
Matthew Kienholz began his journey at PLM within the finance department before transitioning over to regulatory and government affairs.
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Pennsylvania Lumbermens Mutual Insurance Company (PLM) (www.plmins.com) is a nationally recognized property and casualty insurance carrier serving the lumber, woodworking and building material industries. Backed by 129 years of experience, the Philadelphia, Pennsylvania-based company protects over 5,500 businesses nationwide with property, general liability, inland marine, business automobile, commercial excess liability and equipment breakdown coverages. PLM is also able to place workers’ comp through Green Tree Risk Partners, their wholesale brokerage.
