PLM receives ‘excellent’ rating

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The Financial Strength Rating of Pennsylvania Lumbermen’s Mutual Insurance Co. was affirmed as A- (Excellent) with a stable outlook by A.M. Best Rating Services, the insurance credit rating source. PLM is a property-casualty insurance carrier serving wood-related businesses.

“This rating reflects PLM’s strengths, including a strong balance sheet, solid levels of risk adjusted capital, our reinsurance program, a high-quality investment portfolio and our enterprise risk management program,” John Smith, PLM’s president and CEO, said in a statement.

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