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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...

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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...

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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...

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Pekin Insurance® Recognizes Winning Performances of Top Agents and Agencies

Posted by on Apr 9, 2012 in News

For the 52nd consecutive year, Pekin Insurance has held Award and Appreciation Banquets to honor agents and agencies for insurance production that has gone Beyond the expected.® This year, 46 Full Circle Agency Awards, 119 Underwriter of Merit Awards, 122 Gold Key Awards, 144 Silver Key Awards, and 97 Inner Circle Club memberships were presented at banquets held throughout the month of March in the states of Illinois, Indiana, Iowa, Ohio, and Wisconsin.The Full Circle Agency Award was given in recognition of exceptionally high standards of service to an agency’s customers and community. As our top award, the Full Circle Agency Award is given only to an agency which has demonstrated outstanding professional performance in both the Property/Casualty and Life and Health lines of insurance.The Underwriter of Merit Award was presented to those agencies who demonstrated professional skill and...

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Pekin Insurance® Holds Annual Meeting (2012)

Posted by on Feb 15, 2012 in News

The Farmers Automobile Insurance Association held its annual meeting on Tuesday, February 14, 2012, at their Home Office in Pekin, Illinois.The following directors were elected for three year terms: Craig W. Concklin, Hinsdale, Illinois; and Daniel V. Connell and A. Richard Kriegsman, both of Pekin, Illinois.Subscribers elected Craig W. Concklin, Hinsdale, Illinois; and A. Richard Kriegsman, Pekin, Illinois, to the Advisory Committee. Pekin Insurance officers elected included: Gordon M. Walker, Chairman of the Board and Chief Executive Officer; Steven R. Anderson, Vice Chairman of the Board; Scott A. Martin, President; Daniel V. Connell, Senior Vice President, Chief Financial Officer, and Secretary; Todd A. Clark, Senior Vice President and Chief Operating Officer; Brian K. Lee, Senior Vice President; Stephen H. Nunan, Senior Vice President – Underwriting; Peggy S. Collins, Vice President – Group and Claim Services; Curtis A. Eeten, Vice...

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Pekin Insurance Agencies Helped to Bring Joy to Troops Serving Overseas (2011)

Posted by on Dec 14, 2011 in News

Pekin Insurance agencies made the holidays more meaningful and merry with outstanding production of life insurance during Pekin Insurance’s recent “Help the Troops Call Home for the Holidays Sales Contest” culminating in USO phone cards being sent to active deployed units in the Southwest Asia region including Kuwait, Dubai, Qatar, Afghanistan, and Iraq.For every life insurance application that a Pekin Insurance independent agent submitted during the contest, a USO phone card was donated to USO Operation Phone Home.More than 1,300 USO phone cards were sent to our troops serving overseas. The company and its independent agencies take great pride in and 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 help members of our armed services have the opportunity to hear...

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