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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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IDG’s Computerworld Names Pekin Insurance® to 2015 List of 100 Best Places to Work in IT

Posted by on Jun 22, 2015 in News

DATELINE – June 22, 2015 – IDG’s Computerworld announces Pekin Insurance as a 2015 Best Places to Work in IT, one of 100 top organizations that challenge their IT staffs while providing great benefits and compensation. Pekin Insurance, along with other organizations, will be included in coverage in Computerworld along with results from the 22nd annual Best Places to Work in IT survey.“Striving to be One of the Best Places to Work in IT is one of my favorite mantras,” says Neal Kaderabek, Vice President – Chief Information Officer at Pekin Insurance.  “Due to the company’s attractive benefits package and sense of community, many employees work at Pekin Insurance for the long term.  What makes Pekin Insurance stand out is the opportunity to build something from the ground up.  More so, is the opportunity for IT professionals to say, “That...

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A.M. Best Affirms Financial Strength Ratings

Posted by on Jun 16, 2015 in News

The Farmers Automobile Insurance Association and Pekin Insurance Company Ratings 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 strength and ability to meet its ongoing insurance policy and contract obligations. The affirmed rating reflects Pekin Insurance Group’s solid risk-adjusted capitalization, conservative investment risk profile, consistently favorable loss reserve trends, and well-established agency relationships. Improved technology reflected by our use of By-Peril based rating in the Homeowners line was noted as a competitive advantage.At the same time, A.M. Best has affirmed our Issuer Credit Rating...

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