John K. Smith, President and CEO of Pennsylvania Lumbermens Mutual Insurance Company, will receive the Distinguished Leadership Award from the Insurance Society of Philadelphia in November. Each year, at its annual Independence Gala, the Insurance Society recognizes an insurance industry professional for demonstrating exemplary leadership, promoting insurance and associated industries, and providing ongoing support to the community and charitable enterprises. While the Independence Gala will honor Smith and celebrate the passion and commitment of the insurance industry, the night truly serves to support the industry by benefitting the Insurance Society Scholarship Fund.
Smith has served on the boards of directors of both PLM and Indiana Lumbermens Mutual Insurance Company (ILM) since the companies affiliated in 2013. He has been a part of PLM since joining the company in 1998 as Vice President of underwriting.
Under Smith’s leadership, PLM has grown to insure 6,000 wood-related business in 48 states, developing over $230 million of written premium. PLM assets have grown from just over $100 million with policyholder surplus of $60 million to $540 million and $149 million respectively. Among America’s more than 30,000 wood businesses, PLM is recognized as a premier property casualty insurance provider faithfully serving the wood niche for 123 years.