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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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Pekin Insurance® Agencies Helped Support the Honor Flight Network

Posted by on Jan 11, 2017 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 country. In business since 1921, Pekin Insurance offers multiple lines of insurance in Arizona, Illinois,...

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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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