PEMCO

AM Best Revises Issuer Credit Rating Outlook to Negative for PEMCO Mutual Insurance Company

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Insurance, Finance, ALL, FSR, Risk management, News, AM Best, Weather, Good, Credit, PEMCO

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of PEMCO Mutual Insurance Company (PEMCO) (Seattle, WA).

Key Points: 
  • AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of PEMCO Mutual Insurance Company (PEMCO) (Seattle, WA).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Pardon Me, Are You a Polite Driver?

Retrieved on: 
Wednesday, March 22, 2023
Professional Services, Insurance, Transport, Other Transport, Parent, PEMCO, Gesture, Research, Pacific Northwest, Aggression, Ridesharing, Food delivery, Renting, Road, Points of the compass

How often do you go out of your way to be a polite driver to others on the road?

Key Points: 
  • How often do you go out of your way to be a polite driver to others on the road?
  • Instead, the poll shows that respondents are more likely to witness rude gestures on the road today, compared to 2015.
  • In Portland, nearly half of respondents in 2015 (48%) said they personally saw a fellow driver go out of their way to be polite at least five times per month.
  • Today, 43% of Seattle drivers say they see rude gestures from other drivers at least 10 times per month.

PEMCO Insurance Named Among America’s Best Insurance Companies of 2023 by Forbes

Retrieved on: 
Wednesday, February 8, 2023
Insurance, Professional Services, Statista, PEMCO, File, Health insurance

PEMCO Mutual Insurance, the Northwest’s largest locally based home and auto insurer, is pleased to announce that it has been recognized by Forbes as one of America’s Best Insurance Companies for 2023.

Key Points: 
  • PEMCO Mutual Insurance, the Northwest’s largest locally based home and auto insurer, is pleased to announce that it has been recognized by Forbes as one of America’s Best Insurance Companies for 2023.
  • PEMCO was one of only 77 insurance companies in the United States to be named by Forbes on the publication’s second-annual list of top-performing insurers.
  • To see the extensive list of America’s Best Insurance Companies, visit www.forbes.com/lists/best-insurance-firms/ .
  • To learn more about PEMCO Insurance, please visit www.pemco.com .

AM Best Revises Outlooks to Stable for PEMCO Mutual Insurance Company

Retrieved on: 
Friday, February 3, 2023
Professional Services, Finance, Credit, Insurance, ERM, AM, News, Pacific Northwest, AM Best, Good, PEMCO, ALL, Risk management

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of PEMCO Mutual Insurance Company (PEMCO) (Seattle, WA).

Key Points: 
  • AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of PEMCO Mutual Insurance Company (PEMCO) (Seattle, WA).
  • The revised outlooks reflect a deterioration in underwriting and operating performance in recent years.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

PERISCOPE AFFIRMS TWO NEW LEADERSHIP APPOINTMENTS

Retrieved on: 
Monday, January 30, 2023
Effie Maud Aldrich Morrison, Molson Coors, SVP, The One Show, Leo Burnett, VMLY&R, Chicago, PEMCO, Favourite, Child, UnitedHealth Group, White, Olympic Games, Reverse, Starbucks, D, White House, Cannes Lions International Festival of Creativity, Clio Awards, Name, CPG, Fonte, EVP, Minnesota State Lottery, AR, Yellowstone National Park, Business, Veronica, The Coca-Cola Company, Senior, Bellisio Foods, Purina, Periscope, Design

MINNEAPOLIS, Jan. 30, 2023 /PRNewswire/ -- Award-winning, full-service advertising agency Periscope has inked two new leadership appointments that help underscore the company's renewed focus on elevating design excellence, increasing operational efficiencies and advancing client relationships. Annette Fonte has been named Senior Vice President, Business & Brand Leadership, while Veronica Padilla joins as Vice President, Head of Design. Both hires come on the heels of Periscope's updated mission to "See beyond the expected to build brands and impact communities in inventive ways."

Key Points: 
  • Annette Fonte joins as SVP, Business & Brand Leadership and Veronica Padilla as VP, Head of Design
    MINNEAPOLIS, Jan. 30, 2023 /PRNewswire/ -- Award-winning, full-service advertising agency Periscope has inked two new leadership appointments that help underscore the company's renewed focus on elevating design excellence, increasing operational efficiencies and advancing client relationships.
  • Annette Fonte has been named Senior Vice President, Business & Brand Leadership, while Veronica Padilla joins as Vice President, Head of Design.
  • At Periscope, Fonte will focus on advancing the agency's client partnerships, overseeing integrated marketing and cross-cultural engagement for a broad portfolio of brands including UnitedHealthcare, Bellisio, Minnesota Lottery, PEMCO and more.
  • "Many promise this, but I truly believe Periscope is geared up to deliver, and it's why I joined.

Northwest Restaurant-Goers Say They’re Average or Generous Tippers

Retrieved on: 
Thursday, January 19, 2023
Professional Services, Retail, Other Professional Services, Restaurant, Bar, Insurance, Finance, Personal Finance, XLB (Portland, Oregon), Uber Eats, Eating, Grubhub, PEMCO, Research, Food, Food delivery, Points of the compass

A new poll by PEMCO Mutual Insurance reveals that a majority of Northwest restaurant-goers regard themselves as “average” or even “generous” tippers, but the amount depends on several factors including how they pay for their meal and whether they dine-in or opt for delivery.

Key Points: 
  • A new poll by PEMCO Mutual Insurance reveals that a majority of Northwest restaurant-goers regard themselves as “average” or even “generous” tippers, but the amount depends on several factors including how they pay for their meal and whether they dine-in or opt for delivery.
  • In general, about half of Northwest restaurant-goers (53%) agree that diners should tip at least 15%, but less than 25% when they have a good experience eating at a sit-down restaurant.
  • This is especially true with individuals over 55 years old – just 6% say they prefer it when the restaurant adds an automatic tip.
  • Almost one-quarter of respondents who have used the technology say they tip more when they pay using an electronic device.

Many Northwest Drivers Boast Their Driving Skills, Even in Wintry Conditions

Retrieved on: 
Tuesday, December 13, 2022
Women, Insurance, Men, Automotive, Professional Services, Consumer, General Automotive, Other Consumer, Seattle metropolitan area, Oregon Institute of Technology, Portland-Metro, Research, PEMCO, Defender, Ice, Pacific Northwest, Woman, Particle-size distribution, Snow, Safety, Education, Road, Online shopping, Portland metropolitan area, Pacific Ocean

The newest poll by PEMCO Mutual Insurance reveals that many Seattle and Portland residents boast that theyre a more skillful driver than most in both normal and wintry conditions.

Key Points: 
  • The newest poll by PEMCO Mutual Insurance reveals that many Seattle and Portland residents boast that theyre a more skillful driver than most in both normal and wintry conditions.
  • Across both Seattle and Portland, few (3%) admit that theres room for improvement in their driving ability.
  • Though it seems that traffic in the Pacific Northwest slows to a grinding halt when winter brings snow and ice to the roads, nearly half (44%) of all respondents still boast their driving superiority in winter conditions.
  • Yet, when asked why respondents truly believe themselves to be better drivers in icy conditions, about three-quarters claim that theyve spent time driving in the same or worse conditions in other wintry regions across the country.

How Early is Too Early to Start Holiday Shopping?

Retrieved on: 
Thursday, November 17, 2022
Women, Insurance, Other Retail, Men, Professional Services, Consumer, Other Consumer, Retail, Holiday, PEMCO, Defender, Seattle metropolitan area, Female, Music, Particle-size distribution, Woman, Safety, Oregon Institute of Technology, Portland-Metro, Education, Research, Hope, Tourism, Nightclub, Toy, Points of the compass

About half (49%) report that their holiday shopping starts around the same time as it has in the past.

Key Points: 
  • About half (49%) report that their holiday shopping starts around the same time as it has in the past.
  • Similarly in Portland, 31% of women are embracing an earlier start to their seasonal shopping, while only 22% of men in Portland do the same.
  • Meanwhile, 60% of men in Seattle think stores should wait until after Thanksgiving to start pulling out the holiday decor.
  • That lines up with how the majority of Northwest residents prefer to spread holiday cheer, as well.

Security Properties Acquires 624 Yale in Seattle, WA

Retrieved on: 
Wednesday, October 26, 2022
Adobe, Quality of life, Apple, REI, STARS, PEMCO, Transport, Growth, Tableau, Meta, Employment, Yale University, Restaurant, MSA, Google, Circle, Industry, Partnership, San Francisco Bay Area, Technology, University, Augusta Apartment Building, University of Washington, Acquisition, Yoga, Ecosystem, Museum, Security, SF, Real estate, Property management, Amazon

624 Yale was completed in 2018 and consists of 206 residential units spread across two connected buildings.

Key Points: 
  • 624 Yale was completed in 2018 and consists of 206 residential units spread across two connected buildings.
  • According to Alex Gauper, Director at Security Properties, "the acquisition of 624 Yale represented a unique opportunity to purchase a fully stabilized trophy mid-rise asset at a basis significantly below current replacement cost.
  • Security Properties Residential is the affiliated property management firm of Security Properties, created to increase the value of its real estate holdings by more closely managing its assets.
  • Operating throughout the Western U.S., Security Properties Residential is committed to delivering exceptional service to its apartment communities and residents.

Northwest Drivers’ Trust in Automotive Safety Tech Features Has Increased, But Many Still Aren’t Ready for Driverless Cars

Retrieved on: 
Thursday, October 20, 2022
Automotive Manufacturing, Manufacturing, Trust, Time, Seattle metropolitan area, PEMCO, Prevalence, Achievement, Education, Particle-size distribution, Oregon Institute of Technology, Portland-Metro, Pacific Northwest, Technology, Research, Transportation in Portland, Oregon, Safety, Defender, Rail transport, Road, Points of the compass

Similarly, the number of Northwest drivers with forward collision avoidance has tripled in six years 32% of Northwest drivers currently have this feature, while just 10% did in 2016.

Key Points: 
  • Similarly, the number of Northwest drivers with forward collision avoidance has tripled in six years 32% of Northwest drivers currently have this feature, while just 10% did in 2016.
  • Interestingly, as more vehicle safety features become standard, drivers trust in the technology has increased, as well.
  • Among Seattle drivers in 2022, 58% said they mostly or completely trust vehicle safety features, which is up from 45% of drivers who said the same in 2016.
  • Though many Northwest drivers are confident in their cars safety features, when it comes to driverless or autonomous vehicles, PEMCOs poll tells a different story.