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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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Mike Hermes Named Life Agent of the Year Award Winner

Posted by on Jun 6, 2016 in News

Mike Hermes, owner of Northeast Insurance, Inc., located in Green Bay, Wisconsin, was named the 2015 Life Agent of the Year award winner. The announcement was made at this year’s Inner Circle Club meeting held on May 19, 2016, at the Par-A-Dice Hotel in East Peoria, Illinois.Brian Lee, CPCU, FLMI, FALU, Senior Vice President and Chief Operating Officer/Life, accepted the award on Mike’s behalf, as he was unable to attend the meeting. The award is given to individuals who display outstanding performance in Life Insurance production and a dedication to professionalism in our industry.During his career with Pekin Insurance, Mike has won twenty-nine Gold Key Awards, one Silver Key Award, and has been named to the Inner Circle Club twenty-three years, with twenty-one consecutive honors. Mike was also the recipient of the 2015 President’s Trophy. His agency, Northeast Insurance,...

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Pekin Life Insurance Company Holds Annual Meeting

Posted by on May 11, 2016 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 10, 2016, at the Company’s Home Office in Pekin, Illinois.The Company reported net loss of $1.3 million. Premium income increased by 4.6 percent to $215.7 million. Life Insurance in force exceeded $16.2 billion in the year 2015.At the meeting, shareholders elected directors Thomas C. Hornstein, Pekin, Illinois; Scott A. Martin, Peoria, Illinois; and Christine A. Schwartz, Pekin, Illinois, to three year terms to expire in May 2019.Other directors whose terms continue are: Steven R. Anderson, Loves Park, Illinois; Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; Byron A. Dodd, Anna, Illinois; A. Richard Kriegsman, Pekin, Illinois; and Gordon M. Walker, Groveland, 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...

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Pekin Insurance® Holds Annual Meeting

Posted by on Feb 10, 2016 in News

The Farmers Automobile Insurance Association held its annual meeting on Tuesday, February 9, 2016, at their Home Office in Pekin, Illinois.The following directors were elected for three year terms: Scott A. Martin, Peoria, Illinois; and Thomas C. Hornstein and Christine A. Schwartz, both of Pekin, Illinois.Subscribers elected Scott A. Martin, Peoria, Illinois; Thomas C. Hornstein and Christine A. Schwartz, both of Pekin, 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;...

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Pekin Insurance® Employees Participate in the Drive for Miracles Radiothon

Posted by on Feb 1, 2016 in News

Three Pekin Insurance employees recently participated in the Drive for Miracles Radiothon held at Children’s Hospital of Illinois and broadcast on 93.3 FM radio station, both located in Peoria, Illinois.The broadcast raised awareness of the event which was held in the main lobby of the hospital on December 9 and 10, 2015.  Megan Daxenbichler, Human Resources Generalist I; Kim Frederking, Life Claim Business Analyst I; and Emily Rieker, Accountant, worked the phone bank, fielding incoming calls from those making pledges.  They also contacted past contributors to ask for their renewed support.The annual radiothon draws attention to the need for hospitals that are dedicated to children’s health issues.  During the two-day event, participants became acquainted with parents and their children of all ages as they visited the hospital for doctor’s appointments, clinical services, and tests.  Corporate Giving Officer at OSF...

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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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