PLM/ILM has long been dedicated to the trade and insurance industries it serves. We strive as a company and as individuals to remain ahead of these industries as they evolve so that we can always provide the most current and useful information to our customers. As a mutual insurance company, our main commitment is to you. We believe our knowledge of the industries we serve allows us to build longstanding relationships with our customers based on our “shared value and mutual purpose”. Our dedication and expertise has not gone unnoticed.

November 2016:

C. Richard Peterson is Appointed as the New Chairman of the Board

Long-standing Member of PLM’s Board of Directors is Unanimously Appointedpeterson

Philadelphia, PA – 11/3/2016 – Pennsylvania & Indiana Lumbermens Mutual Insurance Companies, the premier property and casualty insurance provider to the wood industry, announced that the Board of Directors unanimously appointed C. Richard Peterson as Chairman of the Board for both PLM and ILM. He will serve the unexpired term of J. William Lee, PLM’s longtime Chairman who passed away recently. Richard has been a member of the PLM Board for over 15 years and has served on the Executive Compensation Committee as well as the Executive Committee.

“This is an exciting time for all insurance companies and I look forward to working with President & CEO, John Smith, and his PLM/ILM colleagues to meet the challenges all insurance companies face in providing quality and cost effective service to their insureds”, says Peterson.

A graduate of Colby College, Richard completed a Program for Leadership Development at Harvard Business School and received his master’s degree in Organizational Dynamics from The University of Pennsylvania. He is 40-year veteran of the insurance industry and is currently the Executive Director of Commercial Deposit Insurance Corporation (CDI). Before becoming an insurance entrepreneur (CDI), he was Vice Chairman of Minet Group, the sixth largest insurance brokerage firm in the world, which was acquired by Aon Group in 2003.  Prior to Minet, Richard was EVP of Sedgwick Group, the third largest firm in the world before it was acquired by Marsh & McClennan in 1996. Both Minet and Sedgwick Group specialized in corporate risk management programs and financial services, and were headquartered in London.

On the recent announcement, PLM/ILM President & CEO John Smith said, “Replacing an industry veteran like J. William Lee is not an easy task. His wisdom, guidance, and commitment to PLM is legendary. For many years, Dick has been a valuable resource of knowledge and expertise on the Board.  We are truly fortunate to have him take on this new role. Through his commitment and depth of experience, he has served this company and its policyholders as well as provide me with great support and guidance.”

Richard will immediately begin serving as Chairman of the Board.

Read also on LinkedIn Pulse

August 2016:

Mike Lent, PLM/ILM VP of Claims, Discusses Lawsuit Trends in the Woodworking Industry and the Importance of Working with a Specialized Carrier – at the IWF 2016: Click for the entire article.


For more: Click to expand a topic below and find out why PLM/ILM is in the news.


November 2013: A.M. Best Upgrades Ratings of Indiana Lumbermens Mutual 

July 2013: PLM, ILM Announce Affiliation- Insurance Journal

July 2013: Affiliation Press Release


See what others are saying about us:

August 2015: PLM/ILM Announces New Claims System

November 2014: Newly-Affiliated Specialty Insurers Consolidate Four Core Systems into One

August 2014: Home Channel News “PLM and ILM Launch New Website”

February 2013: Working in the Niche PAS Market 

January 2013: PLM Carves Out a Niche


Look out for these advertisements in your trade or industry publications and learn why mutual insurance is the right choice for you.

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June 2014:  PLM and ILM Win 2014 United Way “Culture of Caring” Award

Read more about United Way and other 2014 award winners, here.

May 2014: CEO John Smith Awarded ISOP Mariellen Whalen Excellence in Education Award

Read more about the Insurance Society of Philadelphia, here. 

 September 2006: CEO John Smith Awarded Lifetime Achievement Award from IEI and NAMIC