Pennsylvania Lumbermens Mutual Insurance Co.

Pennsylvania Lumbermens Mutual Insurance Co.
One Commerce Square
2005 Market Street, Suite 1200
Philadelphia, PA 19103-7008

Established in 1895 by Edward Henson, Pennsylvania Lumbermen’s Mutual Insurance Company was formed to meet the unique needs of lumber dealers and woodworkers from several eastern states. Henson met with a group of lumber merchants and established Pennsylvania Lumbermen’s Mutual Fire Insurance Company. More than 100 years later, the company is going strong as Pennsylvania Lumbermen’s Mutual Insurance Company. Pennsylvania Lumbermen’s Mutual writes specialized coverage for the lumber and woodworking industries until now, and has expanded to comprise building material dealers, sawmills, manufacturers and distributors

The company has not only expanded its lines to provide a wider array of coverage and risks, but expanded geographically as well. From its home state in Pennsylvania, the company initially moved to neighboring states in the 1930s. By the mid-1960s, it enlarged its territories to both north and south of Pennsylvania. At present, the company is headquartered in Philadelphia, Pennsylvania, and has field representatives servicing most of its marketing territories throughout the United States.

Pennsylvania Lumbermen’s Mutual currently provides protection for approximately 6,000 businesses all over the country. The company writes insurance in the continental United States except California. Its wide array of products include property, general liability, inland marine, business automobile, commercial excess liability and equipment breakdown coverage as the primary lines. It writes insurance on an open brokerage basis, as well as direct basis in some cases, and offers interest free premium financing.

Pennsylvania Lumbermen’s Mutual is endorsed by numerous trade associations within the wood products industry.

Some examples of the types of risks Pennsylvania Lumbermen’s Mutual write include
assembly operations, basket manufacturing, building material retailers or wholesalers, carpentry shops, chipper mills, display and exhibit manufacturing, door assembly, dry kilns, electrical supply, flooring mills, furniture manufacturing , hardware stores, heating and air conditioning supplies, lumber yards, pattern shops, plumbing supply, sawmills, wood carving, and woodworking shops, among many others.

The company proves of a solid financial strength, receiving affirmative ratings from A.M. Best, the oldest and most experienced rating agency in the world. Pennsylvania Lumbermen’s Mutual has been assigned an A. M. Best rating of A or excellent, with a financial size category of Class VIII, which would range from $100-$250 million.

John Smith is the President and Chief Executive Officer of the company, while Michael O’Malley is the Senior Vice President and Treasurer. Joseph McCrea serves as the Senior Vice President for claims and Richard A. Hall as the Senior Vice President for underwriting and technical services. The company’s Vice Presidents are Stephan Firko for field operations, Harold Jamison for regulatory and government affairs, and Gerald Healy Jr. for marketing. The Assistant Vice Presidents are Anna Marie Baiocchi for accounts receivable, William Johnson Jr. for underwriting, John Marazzo for accounting, Joseph McGurrin Jr. for information technology, W. Craig Myers for field operations, Francis Santoro for claims, Eileen Sleutaris for human resources, Thomas Supplee for operations and customer service, and Christopher Crucitt for underwriting.

Pennsylvania Lumbermen’s Mutual’s board of directors inludes William Lee, John Smith, W.A. Bissette, Thomas Beach, Stephen Boyd, Timothy Callahan, George Hirschhorn, Harvey Kroiz, Richard Peterson, and Anthony DeCarlo.