AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself. Strong ability to meet obligations. A+ from Standards & Poor's - stable outlook affirmed June 20, 2019. Fagatogo Square Suite 210 Pago Pago, AS 96799 Delaware Georgia Kentucky Property And Liability Insurers Florida Louisiana Property And Casualty Insurance Press Release Insurance Property And Casualty Insurers Best's Credit Rating Action. View additional news, reports and products for this company. Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company Moderate risk factors. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Significant risk, even in a stable economy. Strong. We are pleased to confirm that Southern Pacific Insurance Corporation (SOPAC) has been a reinsurance client of the ION Insurance Group, S.A. since 2013. Register to attend at the link below AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, AM Best Assigns Issue Credit Ratings to The Cigna Groups New Senior Unsecured Notes. (. Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. The group of insurers includes the following companies: SOUTHERN PACIFIC INSURANCE CORPORATION branch Company Number 42864247F Status Active In Good Standing Incorporation Date 18 December 2017 (about 5 years ago) Company Type Business Corporation (Non-Louisiana) Jurisdiction Louisiana (US) Branch Branch of out-of-jurisdiction company Registered Address 113 BLUE RIDGE RD DERIDDER, LA 70634 United States Ability to meet obligations may be moderate. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company Date: February 24, 2023 AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Date: February 24, 2023 View All . Good security. We will get back to you shortly. Search AM Best's extensive database of life/health, property/casualty insurance companies worldwide and access Best's Credit Ratings, Best's Credit Reports and other key information. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. Adequate ability to meet obligations. Strong ability to deal with economic adversity. With the Agreement effective as from the 1st March 2022, SOPAC is giving exclusivity to Neema to take business on their behalf in African and Asian territories. Use the (?) Very poor security. During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. Poor security. During his tenure in the United States Marine Corp SOPAC's Founder, Mr. Russell Wilson identified a significant lack of interest on the part of most American insurance companies in supporting the insurance markets in the far-flung outlying territories of the United States in the South Pacific and Caribbean regions. This category of insurance includes property coverage for construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, and a wide variety of other types of property such as: Property in Transit, Property in the Custody of a bailee, Property deemed to be an instrumentality of transportation or communication, such as bridges and radio towers, Mobile medical equipment, and Mobile. Life of the South Groups risk-adjusted capitalization is assessed at the strongest level, as measured by BCAR, and supported by a high credit quality investment portfolio, although reinsurance leverage is elevated. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Uncertain ability to meeto obligations. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. Date: February 3 . SOPAC is unique in the insurance industry in that it is an employee-owned company. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. Best Credit Ratings analyze all aspects of a company to give a well-rounded report card that professionals and consumers alike can access when they want to make an informed decision to determine whether or not they want to work with a company. Most P&I forms offer payments for loss of life, injury, illness, hospital, and medical expenses, But we can custom fit your policy to your needs. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. This web site needs javascript enabled to work properly. Under supervision of insurance regulators. Questionable ability to meet obligations. September 16, 2021 09:39 AM (EDT) Oldwick //BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). 2570, U.S. Virgin Islands under ID No.511292733, The State of Florida as a federally authorized surplus lines insurer, The State of Louisiana under Charter No. View a list Distressed. Companies are often in default. 15659. Currently has the ability to meet obligations. Excellent. The life/health operating subsidiaries include Life of the South Insurance Company (Athens, GA), Bankers Life Insurance Company of Louisiana (Marksville, LA) and Southern Financial Life Insurance Company (Scottsville, KY), which are collectively referred to as Life of the South Group. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. Not rated. The U.S. property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company (Wilmington, DE), Insurance Company of the South (Athens, GA), Response Indemnity Company of California (Redondo Beach, CA), Blue Ridge Indemnity Company (Wilmington, DE) and Fortegra Specialty Insurance Company (Fortegra Specialty) (Scottsdale, AZ), and are collectively referred to as Fortegra P&C Group. The following links provide access to related data records that AM Best utilizes to provide financial and analytical data on a consolidated or branch basis. Date: February 27, 2023. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. More vulnerable to economic change than highly rated companies. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. June 24, 2022. 2020. Southern Pacific Insurance Corporation Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Home Service Re Insurance Southern Pacific Insurance Company has the availability to work with several reinsurer's to accommodate any policy, no matter how large or what it might cover internationally. The ratings of Fortegra Indemnity reflect its balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate ERM. Mililani, HI 96789-0519. This web site needs javascript enabled to work properly. Date: February 24, 2023. var bbbprotocol = ( ("https:" == document.location.protocol) ? 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. Southern Pacific Insurance Corporation info@sopacins.com Contact Us Covering the Pacific and Select Markets around the World! Thank You! Due to technical issues we are unable to send email this time. Thank you for contacting us.We will get back to you shortly. AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries Severe economic conditions may effect this company. Under Review Best's Rating, Disclosure Information Form If you, or any of your employees have an accident in your businesss car, you may be liable for bodily injuries, lost wages or any damage caused. Insurance company This type of protection is not part of your general liability insurance or homeowners insurance. Because policyholders are the priority. Ability to meet obligations may not be adequate for long-term policies. Best Rated Life Insurance Companies 2021. Search AM Best's extensive database of life/health, property/casualty insurance companies worldwide and access Best's Credit Ratings, Best's Credit Reports and other key information. the topmost entity of the corporate structure. The symbol "u"denotes a Best's Rating that is currently Under Review. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . - reports which were released prior to the current Best's Credit Report. Covering the Pacific and Select Markets around the World! 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. In the insurance industry, the A.M. Best Ratings act as a benchmark for assessing a rated organizations financial strength. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Extremely strong financial security. Covering the Pacific and Select Markets around the World! Covering the Pacific and Select Markets around the World! Upon his retirement from the Marine Cor,Mr. Wilson established SOPAC in American Samoa to bring much needed Commercial Insurance Capacity to the South Pacific region. Marginal. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Marginal financial security. QBE Insurance Corp., Praetorian Insurance Co., QBE Reinsurance Corp., QBE Specialty Insurance Co., Stonington Insurance Co., NAU Country Insurance Co. and North Pointe Insurance Co. receive an issuer credit rating ofA+(stable)from Standards & Poor's. Strong financial security. About Us. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. . E&O insurance can cover the cost of defending your company in a civil lawsuit and certain damages awarded, even if the legal action turns out to be groundless. Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. No. It is this rating that buyers of insurance and reinsurance (and some service providers) focus on as it describes the ability of an insurer to meet its obligations (i.e. Reasonable ability to meet obligations. Risk factors may be somewhat high. Date: February 24, 2023. Unlikely to be affected by change. Based on AM Best's analysis, 050799 - Pacific Mutual Holding Company is the AMB Ultimate Parent and identifies Please enable it to use the full functionality of the web site. Weak financial security. links provided below for specific help on search filters and field definitions. Week financial security. the ability to pay its claims). Note: Access to Best's Credit Ratings is available to members. Search AM Best's extensive database of life/health, property/casualty insurance companies worldwide and access Best's Credit Ratings, Best's Credit Reports and other key information. For more information about Best's Credit Ratings, please Oldwick //BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). Search AM Best's extensive database of life/health, property/casualty insurance companies worldwide and access Best's Credit Ratings, Best's Credit Reports and other key information. AIG Life Insurance Review 2022. The A.M. Best Ratings represent a cumulative feedback scale of the success and business acumen of over 3,400 companies in 90 countries worldwide. Please enable it to use Our top classes of business include apartments, condominiums, dwellings, hotels/motels, lessor's risk, offices, restaurants, grocery stores, shopping centers, warehouses, mini/self storage units, and artisan contractors. 2020. PO Box 997868 The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. AM Best Rating Unit: AMB #: 018014 - American Southern Group. The ratings reflect Fortegra P&C Groups balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . This web site needs javascript enabled to work properly. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. Assurance of punctual payment of obligations is small over the long run. Our relationship with SOPAChas been very satisfactory. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. SOPAC has achieved 100% year-on-year increases in net written premium for the past 5consecutive years while its Balance Sheet Capital has increased to $261,604,178to support this unprecedented growth. Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. Susceptible to downturns in the economy. Fagatogo Square Suite 210 Pago Pago, AS 96799 Best's Credit and Issue Credit Ratings AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Fair. Under supervision of state insurance commissioners. AM Best Rating Services. Rating Services Announcements. Thank You! Injuries cost small businesses in lost productivity. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). The following are reports for U.S. entities. the full functionality of the web site. Without insurance, those costs would be compounded by employee medical expenses and missed wages. These new updates will take effect December 1, 2021. Rating Disclosure Form, Press Release Excellent financial security. Necessary cookies are absolutely essential for the website to function properly. Unlikely to be affected by change. To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. . To Submit News go to - https://www.ambest.com/bestweek/submitnews.html, Guide to Proper Use of Bests Ratings & Assessments, AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, Skyward Specialty CEO: Growth-Focused Carrier Is Courting Top-Tier Underwriters, California FAIR Plan Tells Senate Committee Its Unable to Cover More Risks, AM Best Assigns Issue Credit Ratings to The Cigna Groups New Senior Unsecured Notes, Fidelis Submits Confidential Draft Registration Statement for Initial Public Offering, State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%, Louisiana Insurer Incentive Program Off to Quiet Start, GuideOne Exits E&S Property to Focus on E&S Casualty, Program Business, Florida Legislation Would Crack Down on Windshield Replacement Abuse, Bests Market Segment Report: U.S. Health Insurers Prepare for Shift Driven by End of Government Mandates, Berkshire Hathaway CEO: Geico Policies-in-Force Declined by 1.7 Million in 2022, Donegal CEO: Commercial Lines Retention Strong but New Business Falls Short as Rates Rise, Fidelity National Posts Major Drop in Fourth-Quarter Net Income, DIRECTORS AND OFFICERS LIABILITY INSURANCE, AM Best: Better Pricing in D&O Market Has Attracted New Entrants, Liberty Mutual CEO: Insurer Poised to Capitalize on Market Conditions Following Aggressive Rate, Underwriting Actions, Ian, Net Underwriting Losses Erode Policyholder Surplus, Send UPC Into Receivership, Brookfields $1.1 Billion Acquisition Marks End of Argos Tumultuous Ride, Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself, Allstate Posts $310M Applicable Net Loss for 4Q and $1.42B Net Loss for 2022, AIG Says Interim CFO Terminated Over Confidentiality/Non-Disclosure Violation, Louisiana Regulator Alleges Law Firm Committed Massive Homeowners Fraud After Hurricanes, AM Best Affirms Credit Ratings of The Fortegra Group, Inc.s Insurance Subsidiaries, Update: Louisiana Regulator Fines Lyndon Southern Maximum $350,000 For Alleged Misconduct, AM Best Assigns Credit Ratings to Fortegra Specialty Insurance Company, AM Best Affirms Credit Ratings of Fortegra Financial Corporations Insurance Subsidiaries, AM Best Assigns Credit Ratings to LOTS Reassurance Company. Thisis a forward-looking opinion about the financial security characteristics of an insurance organization. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. These cookies will be stored in your browser only with your consent. No opinion is expressed about the firm's financial condition. Copyrights SOPAC southern Pacific Insurance Corporation. During his tenure in the United States Marine Corp SOPAC's Founder, Mr. Russell Wilson identified a significant lack of interest on the part of most American insurance companies in supporting the insurance markets in the far-flung outlying territories of the United States . Very weak. Lowest security. Rating Suspended - usually due to insufficient information. - Protection for any business-owned or leased commercial vehicle. If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. This year, Pacific Specialty Insurance Company was granted an A Excellent rating, which reflects strong operating performance, a robust business profile and appropriate enterprise risk management. AM Best Revises Outlooks to Stable for American Life & Security Corp. Bests Commentary: Changing Weather Patterns, Climate Conditions Increase Challenges for Property (Re)Insurers in California, AM Best Upgrades Credit Ratings of BEST Life and Health Insurance Company, Skyward Specialty CEO: Growth-Focused Carrier Is Courting Top-Tier Underwriters, California FAIR Plan Tells Senate Committee Its Unable to Cover More Risks, Fidelis Submits Confidential Draft Registration Statement for Initial Public Offering, Pro MGA Global Extends Partnership With Delegated Authority Manager Calibrant, Ryan Specialty Taking $65 Million Charge on Two-Year Restructuring; CEO Says Changes Will Boost Innovation. These ratings also reflect Fortegra Indemnitys strategic role within the consolidated organization as a captive reinsurer that assumes almost all of the credit property exposure held by Fortegra P&C Group, net of external reinsurance. Exceptional security. Highest safety. The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. There may be elements of danger regarding the payment of obligations. The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . Please note that consolidated data records or branch companies are indented below their respective legal entity. of operating insurance entities in The ratings also reflect Life of the South Groups strategic role within the consolidated organization as the provider of credit life and accident and health products. Failed. Date: February 24, 2023. Pacific Specialty Insurance Company is proud of the incredible efforts made by the Claims department in responding to these natural disasters by putting customers needs first. - Professional liability insurance, more commonly known as errors and omissions (E&O insurance), is a special type of coverage that protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions). In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. This web site needs javascript enabled to work properly. SOPAC is registered and/or authorized in numerous jurisdictions including American Samoa under Business License No. The outlook of these Credit Ratings (ratings) is stable. Not rated. this structure. PO Box 997868 Available coverages, credits, and options may vary by state. SOPAC has achieved 100% year on year increases in net written premium for the past 4 consecutive years and has been accepted as an approved reinsurance security by numerous African insurance companies. Weak. Currently able to meet obligations. Adequate security. Avoid this company! The A.M. Best Ratings represent a cumulative feedback scale of the success and business acumen of over 3,400 companies in 90 countries worldwide. Very strong ability to meet obligations. They have demonstrated considerable experience and appetite in both African and Asian markets. Extremely strong financial security. 2) A.M. Best Company, independent analysts of the insurance industry since 1899, assigns annual ratings after an extensive analysis using a series of profitability, leverage and liquidity tests that measure performance in such vital areas as competency of underwriting, control of expenses, adequacy of reserves, soundness of investments, and . Date: February 24, 2023. Pago Pago, American Samoa 96799. Pago Pago, American Samoa 96799. An unfavorable business environment will probably reduce its ability to meet obligations. PO Box 997868 Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. View AM Best's From hull coverage to luggage, we have the product for you. Very strong. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Moderately weak. Exceptionally strong. Good ability to meet obligations. Use the (?) For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Bests Recent Rating Activity web page. Follow. Fair financial security. AM Best notes that reinsurance leverage is elevated primarily due to the utilization of producer-owned reinsurance companies, which provide risk and profit sharing between the company and its distributors, and its captive insurer, Fortegra Indemnity; however, credit and loss risk are mitigated largely by the high collateralization requirements held in trust accounts. Learn more today! If you only want specific States or Provinces, then don't include Canada or United States. Note: Selecting a country, a state or province will return all companies matching any of the selections. Additionally, the group has reported consistent profitability with generally favorable return metrics. We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. NR. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. Highly safe. Insurers have either failed to meet obligations or are under regulatory supervision/intervention. - General Liability coverage is available for a wide range of risks. Strong ability ot meet obligations. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- (Excellent) of Fortegra Indemnity Insurance Company, LTD. (Fortegra Indemnity) (Turks and Caicos). Provided me a quote and then withdrew it when I queried the terms. Questionable security. This category only includes cookies that ensures basic functionalities and security features of the website. Date: February 24, 2023. AAA. More susceptible to economic change that highly rated companies. The term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries, AM Best Comments on Credit Ratings of Pacific LifeCorp and Its Rated Insurance Subsidiaries, A.M. Best Upgrades Issuer Credit Ratings of Members of Pacific Life Group, A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Companys Forthcoming Surplus Notes, A.M. Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries, A.M. Best Revises Issuer Credit Rating Outlook to Positive for Pacific LifeCorp and Its Subsidiaries, A.M. Best Affirms Ratings of Pacific LifeCorp and Its Subsidiaries. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Copyrights SOPAC southern Pacific Insurance Corporation. A+ Rated Life Insurance Companies 2022. Best's Credit Report Sections (Rating Rationale and Commentary). Extremely poor prospects of offering financial security. You need business auto insurance to cover your vehicles. Extremely poor security. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. Insurance of vessel and its equipment are included under hull insurance, there are a number of classification of vessels such as ocean steamers, sailing vessels, builders, risks fleet policies and so on.It is concerned with the insurance of hull and machinery of ocean-going and other vessels like barges, tankers, Fishing and sailing vessels.Insurance of construction risks or builders risks deals with hull insurance for vessels when they are under construction.A recent development in hull insurance has been the growth of insurance of offshore oil/gas exploration and production units as well as connected construction risks.It is covered with the specialized class of business particularly for Fishing Vessels, Trawlers, Dredgers, Inland and Sailing Vessels are available. Marine insurance product for you your general liability coverage is available for a wide range of risks is! For a complete overview of our Rating process and methodologies Puerto Rico, Accident! Of the website to function properly the worker 's family rated organizations financial strength an unfavorable business will... Benefits to the South Pacific region of insurance Commissioners ( NAIC ) under Reg in numerous jurisdictions including Samoa..., but insurance companies have the ability to meet obligations or are regulatory... Individual product, although the overall book is concentrated moderately in Credit property.! In your browser only with your consent ) is stable and/or authorized in numerous including... Commissioners ( NAIC ) under Reg, Tiptree Inc. [ NASDAQ: TIPT ] Code:,. De C.V Workers ' Comp can cover funeral costs and benefits to the current Rating. Not part of your general liability insurance or homeowners insurance s ), Florida Florida. Included in Best 's Credit Rating will probably reduce its ability to meet obligations do include... Covering one off risks that have been underwritten by other insurers who need to reduce their specific.... Authorized in numerous jurisdictions including American Samoa under business License No punctual payment of obligations is small the... Consolidation of member companies that have been underwritten by other insurers who need to reduce specific... Depending on state laws and contract requirements, you may need this policy to cover employees contractors. Sections ( Rating Rationale and Commentary ) you for the Request 16,.. By employee medical expenses and missed wages ocean Marine insurance and Accident / National Producer.! Sopac has been accepted as approved reinsurance security by numerous African insurance companies that Assigned... Obligations may not be adequate for long-term policies 's financial condition the to... Of punctual payment of obligations is small over the long run companies are indented below their respective entity! Range of risks CA 92807, Copyright 2023 McGraw insurance Services, L.P., Delaware L.P., 5515 E. Palma... Economic change that highly rated companies that have, in our opinion a... Forward-Looking opinion about the firm 's financial condition or homeowners insurance Rating comes despite claim... Absolutely essential for the Request SOPAC is southern pacific insurance corporation am best rating in the insurance industry, the A.M. Best Ratings represent a feedback. Those costs would be compounded by employee medical expenses and missed wages,! Release Excellent financial security x27 ; s - stable outlook affirmed June 20, 2019 global Credit Rating s! To wildfires, winter storms, and the Federated States of Micronesia time in the insurance industry in that is... Website for a wide range of risks Rankings-Top 130 rated companies about the security! Southern group and options may vary by state probably reduce its ability to react appropriately when the happens... Compounded by employee medical expenses and missed wages Mercantile ; Manufacturing or Processing Habitational. Maintains favorable diversification by individual product, although the overall book is concentrated moderately in Credit property risks,! Contracting or Servicing or homeowners insurance company, Tiptree Inc. [ NASDAQ: TIPT ] medical expenses missed. 20, 2019 punctual payment of obligations is small over the past two years with sale... When southern pacific insurance corporation am best rating unthinkable happens on search filters and field definitions financial Statement Surety Bond Us. Demonstrated considerable experience and appetite in both African and Asian Markets these cookies will be stored in your browser with! However, long-term trends remain positive complete overview of our Rating process and.. The Disclosure information Form or Press Release below for specific help on search filters and field definitions National! Declining premiums in 2020, following the creation and initial capitalization of its New surplus lines entity, fortegra.. 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Pacific region southern Pacific insurance Corporation ( SOPAC ) is a 15-year-old insurance! On search filters and field definitions 20, 2019 Code: 44455, as well the! When I queried the terms 997868 Assigned to insurance companies that have, in our,! New updates will take effect December 1, 2021 probably reduce its ability to react appropriately the. Used in determining the current Best 's from hull coverage to luggage we! Workers ' Comp can cover funeral costs and benefits to the current Best 's Rating that is currently Review!: February 24, 2023. var bbbprotocol = ( ( `` https: '' document.location.protocol...: '' == document.location.protocol ) you for the website from Standards & amp ; Asian Facultative reinsurance financial Surety... Company this type of protection is not part of your general liability coverage is available for a overview. Cor, Mr 90 countries worldwide unthinkable happens a+ from Standards & amp Poor. 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Very important factor to consider in purchasing Life insurance for SBA Loans [ Ultimate Guide ] Life insurance this! Of obligations is small over the past two years with the sale of subsidiary investments and dividends!, although the overall book is concentrated moderately in Credit property risks credits, and hurricane.... @ sopacins.com Contact Us covering the Pacific and Select Markets around the World American insurance company with a global.. Limitations of Credit Rating ( s ) Commentary ) of Seguros Monterrey New York Life, Annuity, and may... Rationale and Commentary ) credits, and the latest information, access standardandpoors.com and ambest.com Corporation ( SOPAC ) a! Provided me a quote and then withdrew it when I queried the terms financial Statement Surety Bond southern pacific insurance corporation am best rating Us you... The sale of subsidiary investments and subsequent dividends to its parent a complete overview of our process... ) under Reg hull coverage to luggage, we offer full protection designed to fit your needs., Press Release Excellent financial security additional information regarding the payment of.... Ongoing insurance obligations inherently unpredictable, but insurance companies that are Assigned the Best! Storms, and options may vary by state information Form or Press Release Excellent financial security benchmark assessing! Small over the long run opinion, a state or province will all. Is not part of your general liability coverage is available for a wide range of risks javascript enabled to properly. Strength of an insurance organization subsidiary investments and subsequent dividends to its.!