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Pekin Life Insurance Company Celebrates 50-Year Anniversary

Posted by on Jan 5, 2015 in News

In 1965, an idea became a reality. A Life Insurance company built on the philosophy that people come first. Today, that commitment continues with Pekin Life Insurance Company proudly celebrating 50 years in the Life Insurance industry. As we look back over that 50 year history, we are extremely proud of our ability to take care of our customers at their time of need, our commitment to the local community and our business accomplishments.First opening our doors with a staff of three, we now boast a staff of over 125 talented employees who perform the vital functions that have led to the following impressive statistics: Over $15 billion of Life Insurance in force In excess of $215 million in annual premium income. Over 195,000 policyholders. A portfolio of over 25 different products ranging from Individual Life Insurance to Group...

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Pekin Insurance® Agencies Helped Support the Honor Flight Network

Posted by on Dec 18, 2014 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 hundred 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, Indiana, Iowa,...

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Verizon Tech Support Scam

Posted by on Oct 7, 2014 in News

The Enterprise Security Team has received notice of a scam involving a call from fake Verizon Tech Support. We are providing this information for consumer awareness. How does the scam work? The attack is initiated by a phone call. The caller ID actually comes up as Verizon’s tech support because the scammers are spoofing a valid 1-800 number used by Verizon. The caller on the other end of the line then convinces the victim to disclose information about their Verizon account and may direct the victim to a website to download software and/or establish a remote connection. But, rather than receiving “support,” the victim’s workstation is loaded with malware and scanned for sensitive information, such as banking or credit card data.What can I do to protect myself? These types of “tech support” cold-call scams have been around for a...

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Shellshock Vulnerability

Posted by on Oct 2, 2014 in News

What is the Shellshock vulnerability? The vulnerability known as Shellshock is a serious flaw in the Bash shell processor. Bash shell is a command line interface, similar to a DOS box on Windows. This command line interface allows user interaction with Linux- and UNIX-based systems. There are many different types or flavors of Linux and UNIX platforms. One example of a UNIX-based operating system is Apple’s Mac OS X. Another example of a UNIX-like system is IBM’s z/OS.On September 24, 2014, security researchers uncovered malicious code that attempts to exploit a vulnerability in Bash shell. The vulnerability makes it possible for attackers to run arbitrary commands that could lead to system compromise; however, the aftereffects of a successful exploit have not yet been fully understood or disclosed.Is/was Pekin Insurance vulnerable? None of the external services hosted by Pekin Insurance,...

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Pekin Insurance Receives “Excellent” Ratings From A.M. Best

Posted by on Jun 12, 2014 in News

Pekin Insurance is a group name adopted to designate the combined operation of The Farmers Automobile Insurance Association, Pekin Insurance Company, PAC, Inc., and Pekin Life Insurance Company. The company recently received its 2014 ratings from A.M. Best, a global credit rating agency with a unique focus on the insurance industry. Insurance professionals, brokers, regulators and consumers refer to Best’s Credit Ratings as an opinion of the financial strength and creditworthiness of risk-bearing entities and investment vehicles.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...

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Pekin Life Insurance Company Holds 49th Annual Meeting

Posted by on May 15, 2014 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 13, 2014, at the company’s Home Office in Pekin, Illinois. The company has strong, stable roots that date back to its inception in 1965.The company reported net income of $2.4 million. Premium income increased by 2.7 percent to $227.0 million. Life Insurance in force exceeded $14.5 billion in the year 2013.At the meeting, shareholders elected directors Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; and Gordon M. Walker, Groveland, Illinois, to three year terms to expire in May 2017.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.On April 16, 2014, Pekin Life Insurance Company declared a quarterly dividend...

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