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Illinois Policyholders Affected By Flooding

Posted by on Jul 21, 2017 in News

Pekin Insurance® is responding to the needs of its policyholders and the requests of the Illinois Department of Insurance in the administration of insurance policies, including all lines, resulting from a recent flooding disaster that impacted 4 counties.  Effective immediately, the following actions are applicable for all lines to insureds residing in Cook, Kane, Lake, and McHenry Counties. Moratorium on cancellations and nonrenewals.  Insurers shall withdraw any cancellation or nonrenewal notice issued on or after July 12, 2017, on any in-force policy issued to an affected policyholder and/or property.  In addition, insurers shall not issue any new cancellation or nonrenewal notices to affected policyholders and/or property until September 30, 2017, or a later time if deemed reasonable given an individual consumer’s circumstance.  Some policies will be reinstated to comply with this July 12, 2017, date.  This “moratorium” is not a waiver; it is only...

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Pekin Insurance Ranked #47 in the 2017 Super Regional P/C Insurers List

Posted by on May 31, 2017 in News

Pekin Insurance has once again earned a spot on Insurance Journal’s Super Regional P/C Insurers list. To make it on the list, the company had to meet the following criteria:· Active, individual companies. · Reporting data using the property/casualty annual statement format. · At least $1 million of direct premium written in each of 2 to 34 states. · Less than 90 percent of direct premium written in any one state. · Less than 90 percent of direct premium written in any one line of business. · Policyholders surplus of at least $100 million. · Net premium written of at least $50 million. · Direct premium written of at least $25...

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Information Security Alert

Posted by on May 18, 2017 in News

Recently, a large scale ransomware attack has been spreading across the globe, disrupting computer systems and communications at hospitals, government offices, and other types of companies.  The software locks computers making them unusable.The ransomware, known as WannaCry or WannaCrypt, locks you out of your systems until you pay the crooks who installed it.  It takes advantage of a security hole in Windows server software that can be closed by downloading and applying the update from Microsoft.Here is how you can check to see if the patch has been installed and how to apply it.Please follow these steps to use the Microsoft Update site to install all critical updates for your computer.  Please note that the update process will vary based on the version of Microsoft Windows you are running.  Locate your version and follow the corresponding steps. To turn...

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Pekin Life Insurance Company Holds Annual Meeting

Posted by on May 9, 2017 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 9, 2017, at the Company’s Home Office in Pekin, Illinois.Premium income increased by 3.1 percent to $222.5 million.  Life Insurance in force exceeded $17.1 billion in the year 2016.  The Company reported net loss of $1.0 million.At the meeting, shareholders elected directors Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; and Brian K. Lee, Pekin, Illinois, to three year terms to expire in May 2020.Other directors whose terms continue are:  Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; Scott A. Martin, Peoria, Illinois; and Thomas C. Hornstein, A. Richard Kriegsman, and Christine A. Schwartz, all from Pekin, Illinois.Pekin Life Insurance Company is an integral part of the Pekin Insurance® group of companies.Pekin Life Insurance Company stock trades under the symbol “PKIN” and is...

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Pekin Insurance® Holds Annual Meeting

Posted by on Mar 1, 2017 in News

The Farmers Automobile Insurance Association held its annual meeting on Tuesday, February 14, 2017, at their Home Office in Pekin, Illinois.The following directors were elected for three year terms: Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; and Brian K. Lee, Pekin, Illinois.Subscribers elected Steven R. Anderson, Loves Park, Illinois; and Byron A. Dodd, Anna, Illinois, to the Advisory Committee.Pekin Insurance officers elected included: Scott A. Martin, Chairman of the Board, President, and Chief Executive Officer; Steven R. Anderson, Vice Chairman of the Board; Daniel V. Connell, Senior Vice President, Chief Financial Officer, and Secretary; Todd A. Clark, Senior Vice President and Chief Operating Officer – Property/Casualty; Brian K. Lee, Senior Vice President and Chief Operating Officer – Life; Curtis A. Eeten, Vice President – Claims; Gregory L. Feller, Vice President – Sales; Joel M. Jackson,...

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