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A.M. Best Affirms Financial Strength Ratings

Posted by on Jun 30, 2016 in News

The Farmers Automobile Insurance Association and Pekin Insurance Company RatingsA.M. Best has affirmed the Financial Strength Rating (FSR) of “A” (Excellent) of Pekin Insurance® Group and our two intercompany pool members, The Farmers Automobile Insurance Association and its wholly owned subsidiary, Pekin Insurance Company. The outlook for the FSR continues to be stable. Financial Strength Ratings are published in A.M. Best’s Insurance Reports and represent their independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The affirmed rating reflects our solid risk-adjusted capitalization driven by a conservative investment risk profile, historically favorable loss reserve development, and well-established agency relationships. This rating acknowledges our competitive advantages including improved technology as reflected by our use of By-Peril based rating in the Homeowners line of business. A.M. Best also noted our increased market...

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Pekin Insurance Agencies Helped Support the Honor Flight Network

Posted by on Dec 31, 2015 in News

Pekin Insurance® agencies are honoring those who served in our military by supporting the Honor Flight Network, which recognizes American veterans for all their sacrifices.  Several independent insurance agents participated in the annual Tour of Honor Contest sponsored by Pekin Insurance.For every life insurance application submitted, money was donated to the Honor Flight Network which transports veterans to Washington, D.C., to visit and reflect at their memorials.  This is a small tribute to those who gave so much.  Thanks to the combined efforts of the Pekin Insurance independent agency force, the company donated $20,000 to this cause.Pekin Insurance and its independent agencies thank the men and women who made the sacrifice and commitment to fight for the freedom and safety of our...

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IDG’s Computerworld Names Pekin Insurance® to 2015 List of 100 Best Places to Work in IT

Posted by on Jun 22, 2015 in News

DATELINE – June 22, 2015 – IDG’s Computerworld announces Pekin Insurance as a 2015 Best Places to Work in IT, one of 100 top organizations that challenge their IT staffs while providing great benefits and compensation. Pekin Insurance, along with other organizations, will be included in coverage in Computerworld along with results from the 22nd annual Best Places to Work in IT survey.“Striving to be One of the Best Places to Work in IT is one of my favorite mantras,” says Neal Kaderabek, Vice President – Chief Information Officer at Pekin Insurance.  “Due to the company’s attractive benefits package and sense of community, many employees work at Pekin Insurance for the long term.  What makes Pekin Insurance stand out is the opportunity to build something from the ground up.  More so, is the opportunity for IT professionals to say, “That...

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A.M. Best Affirms Financial Strength Ratings

Posted by on Jun 16, 2015 in News

The Farmers Automobile Insurance Association and Pekin Insurance Company Ratings A.M. Best has affirmed the Financial Strength Rating (FSR) of “A” (Excellent) of Pekin Insurance Group and our two intercompany pool members, The Farmers Automobile Insurance Association and its wholly owned subsidiary, Pekin Insurance Company. The outlook for the FSR continues to be stable. Financial Strength Ratings are published in A.M. Best’s Insurance Reports and represent their independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The affirmed rating reflects Pekin Insurance Group’s solid risk-adjusted capitalization, conservative investment risk profile, consistently favorable loss reserve trends, and well-established agency relationships. Improved technology reflected by our use of By-Peril based rating in the Homeowners line was noted as a competitive advantage.At the same time, A.M. Best has affirmed our Issuer Credit Rating...

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Pekin Insurance® Partners with Pro Golfer to Support St. Jude Children’s Research Hospital

Posted by on Apr 2, 2015 in News

For the fourth consecutive year, Pekin Insurance has teamed up with professional golfer D.A. Points to raise money for St. Jude Children’s Research Hospital. The program is called “Birdies for St. Jude.” It allows participants to pledge a specific amount of money for every birdie and/or eagle D.A. Points achieves during the 2015 golf season.Pekin Insurance and D.A. Points have championed this cause to support the fight against childhood diseases. D.A. Points commented, “Every day I watch my children play, sleep, eat, laugh, and do all the things that normal children would do. I know I take it for granted, but when I hear about the children of St. Jude who fight for their lives every day, I realize how thankful I am that my children are healthy. However, we never know when the tide may turn, and I...

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