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Pekin Insurance Agencies Helped to Bring Joy to Troops Serving Overseas (2012)

Posted by on Dec 18, 2012 in News

Pekin Insurance independent agencies, pre-need agencies, and financial institution partners made the holidays more meaningful and merry to our troops overseas by participating in a recent “Care for the Troops with Life” sales contest.

For every life insurance application that they submitted during the contest, monetary funds were donated to the USO Operation Care Package program, whose goal is to support our soldiers, marines, sailors, and airmen through care packages and letters of encouragement. Thanks to the combined efforts of Pekin Insurance’s independent agency force, pre-need agencies, and financial institution partners, the company donated $20,000 to this worthy cause.

The company and its independent agencies sincerely thank the men and women who are making the sacrifice and commitment to fight for the freedom and safety of our country. We were happy to take this opportunity to provide members of our armed services with care packages to remind them of home and provide them encouragement during the holiday season.

In business since 1921, Pekin Insurance today offers multiple lines of insurance in Arizona, Illinois, Indiana, Iowa, Ohio, and Wisconsin and is represented by nearly 1,200 independent agencies, over 550 pre-need agencies, and over 400 financial institutions.

Take the time to sign up for the Pekin Insurance informative eNewsletter and like Pekin Insurance on Facebook.

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Pekin Insurance® Mobile App Now Available for the iPhone

Posted by on Dec 5, 2012 in News

Whether you are on the go in your own hometown or in another state across the country, you can now be just a swipe away from viewing your Pekin Insurance policy information with our new mobile app for the iPhone.

Being involved in an auto accident can be traumatic enough, and our new mobile app can make it easy to gather the information you need to file a claim with the convenient accident assistant feature which will easily walk you through the claim process, as well as giving you access to My PI,* where you can find all the basic information on your policies.

Other beneficial functions include access to Auto ID Cards and a “Services Finder” that assists you in locating area hotels, gas stations, restaurants, and locksmiths.

The app is currently only available in the Apple Store. We are presently working to make our mobile app available for Android phones.

* Policyholders must sign up for My PI online at www.pekininsurance.com

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Pekin Insurance® Participates in American Red Cross Ready Rating™ Program

Posted by on Aug 30, 2012 in News

All businesses exist in a challenging world. A well-crafted emergency response plan is critical in planning for the unexpected. The American Red Cross has created a new Ready Rating program which aids an organization in gaining a better understanding of the principles of emergency response and creating their own solid emergency response plans. Their recent research has shown that more than half of Americans say that they don’t feel
prepared for an everyday emergency, let alone a catastrophe. Because emergencies can happen at any time, there is a constant need to prepare for emergencies. The Ready Rating program is a tool to help organizations solve this problem.

Pekin Insurance has enrolled in the new disaster planning program and has successfully completed the assessment and planning tools. The company has established a Safety Board with a central focus of overseeing employee safety, implementing effective evacuation procedures, and recording proper documentation. A Safety Committee has also been formed that consists of employees from every department in the company to help improve the level of preparedness for an unexpected catastrophe or disaster.

Some of the preparedness events that have taken place have been fire extinguisher training, AED/CPR training, developing documentation of safety plans and procedures, and holding safety meetings on a monthly basis.

As a company, Pekin Insurance strives to create a safe work environment for its employees and agents and insureds who visit their buildings. Emergencies are inevitable. Pekin Insurance is proud that they and their employees have made great advancements with the American Red Cross Ready Rating program in becoming better prepared for emergencies and possible disasters. Thanks to the program, they will continue to know what steps to take in the future to improve their readiness for whatever unexpected events may occur.

If you are interested in improving your level of emergency preparedness, visit http://readyrating.org/ to find out how you, too, can become a Ready Rating™ partner so your business, school, or organization can better protect those who count on you for a safe enviroment.

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Pekin Insurance® Announces Ratings by A.M. Best (2012)

Posted by on Aug 1, 2012 in News

The Farmers Automobile Insurance Association, which is one of the member companies of the Pekin Insurance Group, was recently recognized by A.M. Best for maintaining an “A” (Excellent) rating for 50 or more consecutive years. The company has achieved this rating since 1960.

This rating reflects the company’s excellent risk adjusted capitalization, long-term operating performance, experienced management team, and solid agency relationships.

It was also announced by A.M. Best that Pekin Insurance is the 111th ranked writer of Property/Casualty insurance in the United Stated based on 2011 net written premiums. The group’s life company, Pekin Life Insurance Company, is the 140th ranked Life and Health company in the United States based on 2011 admitted assets.

A.M. Best also affirmed the “A-” (Excellent) rating for Pekin Life Insurance Company. This rating reflects many positive rating factors including its integral role and generally positive contribution to the Pekin Insurance Group, growth in net premium written, high-quality fixed income investment portfolio, diversified product portfolio, and favorable level of risk-adjusted capitalization.

A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.

Source:Best’s Review July 2012

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Pekin Insurance® Reports New Special Investigations Unit

Posted by on Aug 1, 2012 in News

Pekin Insurance is excited to announce the development of a Special Investigations Unit (SIU) within the company’s Claim Department. The new unit is dedicated to identifying and fighting all insurance fraud.

Insurance fraud is big business costing Americans an estimated $30 billion per year. In fact, insurance fraud is the second largest economic crime in America, second only to tax evasion. It affects all of us by driving up costs and premiums.

The new Special Investigations Unit will work diligently to identify, investigate, fight, and deter insurance fraud. Arron Hampton, the company’s Workers Compensation Claim Manager, is managing the new SIU, and Patrick Elliott has accepted the role as SIU Specialist.

Click here to view a “Suspect Fraud?” page on this website. The page provides additional information on insurance fraud and the SIU, as well as a means for the general public to report suspected fraud.

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Pekin Life Insurance Company Holds 47th Annual Meeting

Posted by on May 9, 2012 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 8, 2012, at the Company’s Home Office in Pekin, Illinois.

The Company reported net income of $3.1 million. Premium income decreased by 8.7 percent to $224.4 million. Life Insurance in force exceeded $13.0 billion in the year 2011.

At the meeting, shareholders elected directors Craig W. Concklin, Hinsdale, Illinois; and Daniel V. Connell and A. Richard Kriegsman, both of Pekin, Illinois, to three year terms to expire in May 2015.

Other directors whose terms continue are: Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; Scott A. Martin, Peoria, Illinois; Thomas C. Hornstein and Christine A. Schwartz, both of Pekin, Illinois; and Gordon M. Walker, Groveland, Illinois.

On April 18, 2012, Pekin Life Insurance Company declared a quarterly dividend of $0.03 per share payable June 1, 2012, to shareholders of record April 30, 2012. The Company has paid dividends each year since June 1, 1976.

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 listed on the OTCQB. Wells Fargo Advisors makes a market in the stock.

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