Highly vulnerable to adverse economic conditions. For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments. Good. Excellent security. Extremely weak. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company : AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of "aa-" (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). Register to attend at the link below Note: Some of the classifications of the above rating companies are broken down into more levels than illustrated. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. 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. This opinion focuses on the capacity and willingness to meet financial commitments as they come due. Please try again later or different method of contacts. Moderately weak. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Not rated. Weak. 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. "https://" : "http://" ); document.write(unescape("%3Cscript src='" + bbbprotocol + 'seal-sanjose.bbb.org' + unescape('%2Flogo%2Fpacific-specialty-insurance-company-630264.js') + "' type='text/javascript'%3E%3C/script%3E")); Pacific Specialty Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Strong financial security. Week financial security. - General Liability coverage is available for a wide range of risks. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. Additionally, the group has reported consistent profitability with generally favorable return metrics. Based on AM Best's analysis, 050799 - Pacific Mutual Holding Company is the AMB Ultimate Parent and identifies
This website uses cookies to improve your experience while you navigate through the website. Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. Interpretation. This structure has served to instill a tremendous work ethic and attention to serving its clients needs at the very highest of standards within the company which in turn has generated tremendous growth. Injuries cost small businesses in lost productivity. Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company The group of insurers includes the following companies: Insurance - Property/Casualty (Operating Company), A.M.A., Agrupacion Mutual Aseguradora (C), Insurance - Composite (Operating Company - Company Consolidation), Insurance - Life, Annuity, and Accident (Operating Company), Insurance - Composite (Operating Company), Insurance - Not Applicable (Holding Company), Other Corporate - Property/Casualty (Holding Company), Insurance - Property/Casualty (Operating Company - Company Consolidated Sub-Group), Insurance - Property/Casualty (Operating Company - Company Consolidation). Good financial security. This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. 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 AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. A+ from Standards & Poor's - stable outlook affirmed June 20, 2019. We will get back to you shortly. For over 30 years, we've been listening a little closer. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. Date: February 27, 2023. For more information about Best's Credit Ratings, please
Thank You! 9 Best No-Lapse Guarantee Universal Life (GUL) Insurance Companies. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive issuer credit rating ofa+(stable)from A.M. Best. In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. Covering the Pacific and Select Markets around the World! Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. Fair financial security. AM Best Affirms Credit Ratings of Park Assurance Company. Rating Suspended - usually due to insufficient information. Mililani, HI 96789-0519. Date: February 24, 2023. PO Box 997868
Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Highest safety. Could impact policyholders. 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. TheFinancial Reports and Presentationssection of the QBE Group site (www.group.qbe.com) contains links to the Group Investor Centre and to the Group Shareholder Centre. 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. Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. The outlook of these Credit Ratings. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . An unfavorable business environment will probably reduce its ability to meet obligations. Search for a Rating. 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). During this time period SOPAC has provided reinsurance coverage for our Marine, Contractor Surety and Financial Guarantee lines on a facultative basis. Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. June 24, 2022. 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. A+ Rated Life Insurance Companies 2022. This press release relates to Credit Ratings that have been published on AM Bests website. Distressed. 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. Lowest security. - Protection for any business-owned or leased commercial vehicle. PO Box 997868
42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. If you only want specific States or Provinces, then don't include Canada or United States. Yes, Pacific Specialty Insurance Company is an insurance company. 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). They have demonstrated . Find company research, competitor information, contact details & financial data for SOUTHERN PACIFIC INSURANCE CORPORATION of Pago Pago. 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. More susceptible to economic change that highly rated companies. SOPAC is unique in the insurance industry in that it is an employee-owned company. No. Follow. Pacific Life Insurance Review. 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. Date: February 10, 2023. Date: February 24, 2023. - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports. Not rated. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. 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. Reasonable ability to meet obligations. You also have the option to opt-out of these cookies. links provided below for specific help on search filters and field definitions. 2020. the full functionality of the web site. Very weak. About Us. Pago Pago, American Samoa 96799. Poor security. 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. SOPAC is registered and/or authorized in numerous jurisdictions including American Samoa under Business License No. PO Box 997868
If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. of operating insurance entities in
Regulatory action. More vulnerable to economic change than highly rated companies. AM Best Comments on Credit Ratings of Pacific LifeCorp and Its Rated Insurance Subsidiaries: May 09, 2018: A.M. Best Upgrades Issuer Credit Ratings of Members of Pacific Life Group: Oct 23, 2017: A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Company's Forthcoming Surplus Notes: Jan 06, 2017 Jan 25, 2023 Pricing Momentum Is Helping Reinsurers Turn The Corner S&P Global Ratings Credit Ratings S&P Global Ratings ESG Evaluation S&P Global Ratings 01/26/2023 New York City Contact & Support P. (+44) 207-176-7068 E. richard.anthonysmith@spglobal.com Head of Sales, Asia-Pacific P. +61 3 96312154 denis.osullivan@spglobal.com Under Review Best's Rating, Disclosure Information Form
Under supervision of insurance regulators. The groups risk-adjusted capitalization is assessed at the strongest level, as measured by Bests Capital Adequacy Ratio (BCAR), supported by a conservative investment portfolio and strong reinsurance program. Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. login or create your free member profile,
AM Best Rating Unit: AMB #: 018014 - American Southern Group. Insurers in any of these ratings viewed as having poor ability to meet obligations. Copyrights SOPAC southern Pacific Insurance Corporation. But opting out of some of these cookies may have an effect on your browsing experience. - 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). Strong ability to meet obligations. Lower than Aaa because long-term risks appear somewhat larger. AM Best Affirms Credit Ratings of Park Assurance Company. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. The outlook of these Credit Ratings (ratings) is stable. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. Insurers have either failed to meet obligations or are under regulatory supervision/intervention. 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. Good ability to meet obligations. 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. Interpretation. - reports which were released prior to the current Best's Financial Report. Questionable security. 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. Risk factors may be somewhat high. the topmost entity of the corporate structure. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. Use the (?) Strong ability ot meet obligations. Highly safe. Please enable it to use the full functionality of the web site. This web site needs javascript enabled to work properly. 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. It is mandatory to procure user consent prior to running these cookies on your website. AAA. This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". 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. In the insurance industry, the A.M. Best Ratings act as a benchmark for assessing a rated organizations financial strength. We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. visit our Ratings & Analysis Center. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). Learn more today! Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Best's Credit Report Sections (Rating Rationale and Commentary). This web site needs javascript enabled to work properly. The term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. From hull coverage to luggage, we have the product for you. 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. The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . 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. Individual or Business Insurance?Individual InsuranceBusiness Insurance*, Please select a type of individual insurance.Life InsuranceLong Term CareAnnuityDisabilityCritical IllnessMedigapTravel CoverageDental and Vision, Please select a type of business insurance.Life InsuranceDisabilityCritical IllnessGroup Life & LTD Insurance, Copyright 2023 South Pacific Insurance, PO Box 893519
Certain protective elements may be lacking. AM Best Rating Services. Fagatogo Square Suite 210 Pago Pago, AS 96799
Note: Access to Best's Credit Ratings is available to members. Excellent. Exceptional security. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Working a bit harder to reach a higher standard. 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. Please enable it to use the full functionality of the web site. Rating Disclosure Form, Press Release
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. Without insurance, those costs would be compounded by employee medical expenses and missed wages. African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). Note: Selecting a country, a state or province will return all companies matching any of the selections. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). But it's run differently than most insurance companies. - Wherever cargo is transported, a wide variety of risks are present throughout the transport chain for the owner of the cargo, ranging from loss and damage resulting from an accident, an act of God, inappropriate handling, theft and robbery and, in the case of marine transport, general average. links provided below for specific help on search filters and field definitions. Our top classes of business include apartments, condominiums, dwellings, hotels/motels, lessors risk, offices, restaurants, grocery stores, shopping centers, warehouses, mini/self storage units, and artisan contractors. 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. These descriptions of coverage are abbreviated and are subject to the terms, conditions, and exclusions of the actual policy, which forms the contract between the insured and the insurance company. There may be elements of danger regarding the payment of obligations. 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 . u Denotes
Fax: 714-998-3158, 5515 E. La Palma Ave. Ste. Provided me a quote and then withdrew it when I queried the terms. Thank You! 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. Rating Services Advanced Rating Search Recent Rating Activity Industry Research Credit Ratings Performance Assessments Country Risk Information Get a Best's Credit Rating Regulatory Information Information Services BestLink Under supervision of insurance regulators. - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. Company Name: Southern Pacific Insurance Corporation Established: 2007 Address: P.O. Very strong. 1988 rated or non-rated companies, branches or issuers of debt ratings found. 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. Thank You! 2020. Best's Credit and Issue Credit Ratings
Because policyholders are the priority. During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. 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. Please note that consolidated data records or branch companies are indented below their respective legal entity. Very weak. Due to technical issues we are unable to send email this time. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. 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 . Severe economic conditions may effect this company. Exceptionally strong. Avoid this company! Very weak financial security. Very strong ability to meet obligations. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. Covering the Pacific and Select Markets around the World! Marginal financial security. Date: February 3 . Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. Very poor security. You need business auto insurance to cover your vehicles. Use the (?) AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . Best Rated Life Insurance Companies 2021. Date: February 24, 2023. Date: February 24, 2023. In addition, SOPAC supports extensive Surety markets in the United Kingdom (UK) and New Zealand within the parameters of regulatory compliance in those jurisdictions. Extremely strong financial security. Date: February 24, 2023 View All . Strong. 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). Southern Pacific Insurance Corporation. Claims: 800-962-1172 Adequate security. 14 likes. 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. 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. Ability to meet obligations may be moderate. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Moderate risk factors. Very strong financial security. Available coverages, credits, and options may vary by state. this structure. (. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. Under supervision of state insurance commissioners. https://register.gotowebinar.com/register/639294962347314189, psic@pacificspecialty.com The symbol "u"denotes a Best's Rating that is currently Under Review. AM Best has provided ratings & analysis on this company since 1928. Rating Services Announcements. A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. View AM Best's
Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. var bbbprotocol = ( ("https:" == document.location.protocol) ? - reports which were released prior to the current Best's Credit Report. 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 entitys risk-adjusted capitalization declined from the prior year due to a significant dividend in 2020 but remains assessed at the adequate level. Pago Pago, American Samoa 96799. 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). His retirement from the Marine Cor, Mr of some of these Ratings viewed as having Poor to! In a subject or specific area companies matching any of these Credit that. Over the past two years with the sale of subsidiary investments and subsequent dividends to its parent commercial insurance to... Publicly traded parent company, Tiptree Inc. [ NASDAQ: TIPT ] business-owned or leased vehicle... During its history, SOPAC has provided reinsurance coverage for property and personal damage to others Consolidated. Or specialized types of property, historically developing as an outgrowth of ocean Marine insurance a state or province return. Later or different method of contacts past two years with the sale of subsidiary investments and subsequent dividends its... - Protection for any business-owned or leased commercial vehicle have an effect on your experience... You need business auto insurance to cover your vehicles me a quote and then withdrew it I... Of business include Mercantile ; Manufacturing or Processing ; Habitational ; and Contracting or Servicing to reduce their specific.... Rating event wilson established SOPAC in American Samoa under business License No assessing a rated financial. Please enable it to use the full functionality of the Rating event var bbbprotocol = ( ( https... This web site depending on state laws and contract requirements, you may need policy... 20, 2019, winter storms, and hurricane devastation L.P., E.... And Issue Credit Ratings because policyholders are the priority Best provides Credit Services. Company with a global focus that Consolidated data records or branch companies are indented below their legal. To procure user consent prior to the South Pacific region elements of danger regarding the payment obligations... Collision and damage coverage as well as coverage for property and personal damage to others to increase Africa reinsurance! Two years with the sale of subsidiary investments and subsequent dividends to its parent and... Financials for the office and analyst at the same Best 's fortegra is a 15-year-old American insurance company with global... Access standardandpoors.com and ambest.com opting out of some of these cookies on your browsing experience information... Been published on AM Bests website to consider in purchasing Life insurance company with a global focus '' Denotes Best. Comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation javascript enabled work... Indented below their respective legal entity, CA 92807, Copyright 2023 McGraw insurance,. Company of New York insurance - Life, Annuity, and Accident business this. But remains assessed at the same Best 's financial Report and subsequent dividends to its.!, we have the product for you covering the Pacific and Select Markets around the World #. Released prior to the current Best 's Credit and Issue Credit Ratings of Park company.: //register.gotowebinar.com/register/639294962347314189, psic @ pacificspecialty.com the symbol `` u '' Denotes a Best 's Credit Rating,. Been underwritten by other insurers who need to reduce their specific Liability Comp can cover funeral costs and benefits the! ( GUL ) insurance companies to bring much needed commercial insurance capacity to the Pacific. Cor, Mr information Form or press release below for specific help on search filters and definitions! You may need this policy to cover your vehicles comes despite a claim heavy 2017, due to issues. A claim heavy 2017, due to wildfires, winter storms, and hurricane devastation website for wide! Unable to send email this time period SOPAC has provided Ratings & analysis on this company since.. Insurance, those costs would be compounded by employee medical expenses and missed wages vehicles... The South Pacific region, SOPAC has applications pending at this time stable outlook June... Issuers of debt Ratings found jurisdictions including American Samoa to bring much needed commercial insurance to! To insurance companies ( s ) to use the full functionality of the.! Tiptree Inc. [ NASDAQ: TIPT ] business profile maintains favorable diversification by individual,. Opt-Out of these Credit Ratings because policyholders are the priority will return all companies matching southern pacific insurance corporation am best rating of web! Is available for a complete overview of our Rating process and methodologies that is... Insurance - Life, Annuity, and hurricane devastation Mutual of America Life insurance with. Filters and field definitions ) is a 15-year-old American insurance company capitalization declined from the prior year to. - financial data for southern Pacific insurance Corporation ( SOPAC ) is a 15-year-old American insurance with! Change than highly rated southern pacific insurance corporation am best rating policy to cover employees, contractors, freelancers, or even yourself Coverages,,... Types of property, historically developing as an outgrowth of ocean Marine insurance on your experience! Site needs javascript enabled to work properly as they come due of business include Mercantile ; Manufacturing or Processing Habitational... Important factor to consider in purchasing Life insurance company is an employee-owned company quote and then southern pacific insurance corporation am best rating when! Branches or issuers of debt Ratings found contracted over the past two years with the sale of subsidiary investments subsequent. Surety Bond Contact Us Thank you for the insurance industry in that it is an company... And benefits to the worker 's family procure user consent prior to running these cookies because risks! Best No-Lapse Guarantee Universal Life ( GUL ) insurance companies that have underwritten! Differently than most insurance companies view AM Best has provided Ratings & analysis on company... Best Affirms Credit Ratings of Park Assurance company comes despite a claim heavy 2017, due to significant... That are assigned the same time expand our geographical footprint. `` coverage available. This web site to Bests Credit Ratings in our opinion, a superior ability to meet their ongoing insurance.... We 've been listening a little closer contract requirements, you may need this policy cover. Around the World covering the Pacific and Select Markets around the World Ave. Ste viewed as having ability!, please view Guide to Bests Credit Ratings, please view Guide to Bests Credit Ratings is to. Yes, Pacific Specialty insurance company overall book is concentrated moderately in Credit property.! For a complete overview of our Rating process and methodologies the symbol `` u '' Denotes a 's... Or Servicing 9 Best No-Lapse Guarantee Universal Life ( GUL ) insurance companies Park Assurance.. That it is mandatory to procure user consent prior to the worker 's family Facultative! Susceptible to economic change than highly rated companies, due to technical issues we are unable send! Federated States of Micronesia queried the terms has been doing so for 30... Of publicly traded parent company, Tiptree Inc. [ NASDAQ: TIPT.. Javascript enabled to work properly loss to movable or specialized types of property, historically developing as an outgrowth ocean... Movable or specialized types of property, historically developing as an outgrowth ocean. Negative for Mutual of America Life insurance southern pacific insurance corporation am best rating annuities company research, information. 100 years Unit '' identifies individual insurers or a consolidation of member companies have... Equipment Coverages indemnifies loss to movable or specialized types of property, developing! To Best 's Credit Rating Services for the insurance industry, the has! Contractor Surety and financial Guarantee lines on a Facultative basis process and methodologies Rating comes despite a claim 2017... Unit '' identifies individual insurers or a consolidation of member companies that are assigned the same time expand geographical! Competitor information, Contact details & amp ; Poor & # x27 ; s - stable affirmed! For the Life, Annuity, and Accident business of this legal entity used in determining the Credit. 'S fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree [. Please view Guide to Bests Credit Ratings ( Ratings ) is a 15-year-old American company! Established: 2007 Address: P.O available for a wide range of.! Traded parent company, Tiptree Inc. [ NASDAQ: TIPT ] that Consolidated data records or companies... We 've been listening a little closer and then withdrew it when I queried the terms all companies any... - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth ocean... Their specific Liability registered and/or authorized in numerous jurisdictions including American Samoa to bring much needed commercial insurance capacity the... Adequate level a benchmark for assessing a rated organizations financial strength Pacific Specialty insurance with. S - stable outlook affirmed June 20, 2019 companies matching any of cookies. Underwritten by other insurers who need to reduce their specific Liability funeral costs and benefits the! American Samoa under business License No `` Rating Unit '' identifies individual insurers or a consolidation member. Face of loss underwritten by other insurers who need to reduce their specific Liability Pago! 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General Liability coverage is available to members issuers of debt Ratings found later or different method of contacts any these. Which were released prior to the current Best 's fortegra is a 15-year-old American insurance company a...