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Pekin Insurance® Holds Annual Meeting

Posted by on Feb 13, 2015 in News

The Farmers Automobile Insurance Association held its annual meeting on Tuesday, February 10, 2015, at their Home Office in Pekin, Illinois.

The following directors were elected for three year terms: Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois, and A. Richard Kriegsman, Pekin Illinois.

Subscribers elected Craig W. Concklin, Hinsdale, Illinois; and A. Richard Kriegsman, 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; Joel M. Jackson, Vice President – Marketing; Neal P. Kaderabek, Vice President – Chief Information Officer; Edward A. Mulvey, Vice President – Personal Lines Underwriting and Assistant Secretary; Joseph C. Ricigliano, Vice President – Commercial Lines Underwriting and Assistant Secretary; Diane K. Steiner, Vice President – Life Underwriting and Assistant Secretary; Michael A. Zabinski, Vice President – Controller; Jeff A. Nelson, Assistant Treasurer; Michele E. Ginther, Assistant Treasurer; and Aaron Z. Potacki, Assistant Secretary.

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.

Pekin Insurance has been in business since 1921, and is one of the leading insurers in the State of Illinois, providing multiple lines of insurance. Pekin Insurance offers insurance coverage in Arizona, Illinois, Indiana, Iowa, Ohio, and Wisconsin through its growing agency force which now totals 1,158 independent agencies and 8,196 insurance producers in the six state area. The company is headquartered in Pekin, Illinois, with service offices at Phoenix, Arizona; Mount Vernon, Rockford, and Warrenville, Illinois; Indianapolis, Indiana; Des Moines, Iowa; Columbus, Ohio; and Appleton, Wisconsin.

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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 Health Insurance to Medicare Supplement Insurance to Credit Life Insurance and Funeral Pre-Planning Insurance.
  • Licensed to sell Life Insurance in 21 states across the country.
  • Ranked 134th out of 900 Life Insurance companies in the nation by A.M. Best Company which places us in the top 15% of all companies.

President and Chief Executive Officer Scott Martin comments, “The contributions of many people have brought us on our journey so far. If not for the founders that charted the course, the agents who have supported us for so many years, and dedicated employees who go Beyond the expected® every day, we would not be where we are today. Pekin Life Insurance Company, part of the Pekin Insurance organization, now boasts of 2.7 billion dollars in assets. The company has the surplus, assets, and talented people that will make it possible to reach even higher in the future.”

Pekin Life Insurance Company is rated A- (Excellent) by the A.M. Best Company, 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.

One of the dominant keys to the success of the Life operation has been the total integration between Life, Health, Annuity, and Property/Casualty coverages from producing agents through every aspect of the company’s marketing, underwriting, accounting, claims, etc. Cross-selling has become a day-to-day norm for our agents for the solicitation of new business.

The 50th anniversary of Pekin Life Insurance Company is an opportunity to recognize the vision that was shared 50 years ago, take a look at where we are today, and reflect on where we are going tomorrow. We truly appreciate the support we have received from our agents, employees, and policyholders; and look forward to what the next 50 years will bring!

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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, Ohio, and Wisconsin and is represented by nearly 1,200 independent agencies.

Pekin Insurance agents can assist you with your auto, home, business, life, and health insurance needs with service that goes Beyond the expected.®

Visit to find out more about a company that provides peace of mind and long-term security for its policyholders. Also, take the time to sign up for their informative eNewsletter and like them on Facebook.

For more information, contact Jerry Doll, Extension 2802.

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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 long time and have
undergone several variations through the years. For example, similar scams have been
reported for fake Microsoft and Netflix support. What makes this one unique is the use of a spoofed number that matches one used by Verizon. Using professional skepticism on all cold calls, even when the caller ID appears to be known, can go a long way.

• Do not assume that the caller ID is accurate.
• If you feel uncomfortable, then follow your instinct. Hang up, and call
the actual company on a listed, public phone number.
• Be especially skeptical if a caller asks for sensitive information, like
usernames, passwords, account numbers, Social Security numbers, etc.

What if I am concerned about identity theft?
A compromise on your computer is not only a risk to Pekin Insurance®, but also your
personal data. Concerned users or victims of scams may be interested in more material
regarding identity theft. The Federal Trade Commission provides comprehensive information and advice at their website:

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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, like MyPI or Pekin Partners, have been affected. In addition, the Pekin Insurance Enterprise Security team has deployed security measures and will continue to monitor the situation for changes.

What do I need to do?
No action is required for users of Pekin Insurance web services; however, everyone is strongly encouraged to check public lists of prominent sites that may have been vulnerable in case of personal use.

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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 strength and ability to meet its ongoing insurance policy and contract obligations. The affirmed rating reflects Pekin Insurance Group’s excellent risk-adjusted capitalization, steady surplus growth, experienced management team, and solid agency relationships.

At the same time, A.M. Best has affirmed our Issuer Credit Rating (ICR) of “a.” The outlook for the ICR continues to be stable. Issuer Credit Ratings are not published in A.M. Best’s Insurance Reports, but are posted on A.M. Best’s website and Business Wire. An ICR is assigned to insurance companies, banks, hospitals, holding companies, or other legal entities authorized to issue financial obligations and represents A.M. Best’s independent opinion of an entity’s ability to meet its ongoing senior financial obligations. Although the Pekin Insurance Group has never issued any senior financial obligations, the ICR is utilized by A.M. Best to provide additional granularity in the overall rating process.

A.M. Best has also affirmed the FSR of “A-” (Excellent) and the ICR of “a-” for Pekin Life Insurance Company. The outlook for both ratings remains stable. The ratings of Pekin Life Insurance Company reflect many positive rating factors including its integral role and generally positive contribution to the Pekin Insurance Group, high-quality investment portfolio, diversified product portfolio, and favorable level of risk-adjusted capitalization.

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