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Attention Central Illinois Storm Victims

If you have suffered damage to your property from the recent storms, please report it immediately by clicking here or by calling our Pekin Insurance Call Center at 888-Pekin-11 (735-4611) (24 hours a day, 7 days a week) or calling your local Pekin Insurance Agent directly. Christian County, Illinois Policyholders, click here.

A.M. Best Affirms Financial Strength Ratings

Posted by on Aug 20, 2018 in News

The Farmers Automobile Insurance Association and Pekin Insurance CompanyA.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. 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 balance sheet strength which A.M. Best categorizes as strongest, as well as adequate operating performance, neutral business profile, and appropriate enterprise risk management. Strong risk-adjusted capitalization is driven by our conservative investment portfolio and historically favorable loss reserve developments. This rating acknowledges our expectation for improved operating results based on underwriting initiatives and upgraded technology. A.M. Best also noted management’s...

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Pekin Life Insurance Company Holds Annual Meeting

Posted by on May 9, 2018 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 8, 2018, at the Company’s Home Office in Pekin, Illinois.The Company reported net income of $7.4 million. Premium income decreased by 10.4 percent to $199.3 million. Life Insurance in force exceeded $17.7 billion in the year 2017. At the meeting, shareholders elected directors Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; and John S. Heller, East Peoria, Illinois, to three year terms to expire in May 2021.Other directors whose terms continue are: Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; Scott A. Martin, Chillicothe, Illinois; and Thomas C. Hornstein, Brian K. Lee, 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”...

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Pekin Insurance® Holds Annual Meeting

Posted by on Feb 13, 2018 in News

The Farmers Automobile Insurance Association held its annual meeting on Tuesday, February 13, 2018, at their Home Office in Pekin, Illinois.The following directors were elected for three year terms: Craig W. Concklin Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; and John S. Heller, East Peoria, Illinois.Subscribers elected, Craig W. Concklin Hinsdale, Illinois; and John S. Heller, East Peoria, 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, Vice...

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Pekin Insurance® becomes a National Weather Service StormReady Supporter

Posted by on Jan 12, 2018 in News

National Weather Service officials have recognized Pekin Insurance as a StormReady® Supporter. The StormReady Supporter program is part of the larger StormReady program, a grassroots program designed to help communities establish severe weather safety plans and actively promote weather awareness. StormReady communities have made a strong commitment to implement the infrastructure and systems needed to save lives and protect property when severe weather strikes.Chris Miller, Warning Coordination Meteorologist of the National Weather Service forecast office in Lincoln, Illinois, presented Pekin Insurance with a certificate during a ceremony at their Home Office in Pekin, Illinois, on January 10, 2018.“This past year the United States was hit especially hard by weather events.  There is nothing we can do to stop weather, but what we can do is prepare ahead of time.  Pekin Insurance has done an outstanding job of putting together...

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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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