More susceptible to economic change that highly rated companies. SOPAC is registered and/or authorized in numerous jurisdictions including American Samoa under Business License No. Ability to meet obligations may be moderate. Injuries cost small businesses in lost productivity. AAA. 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 About Us. This web site needs javascript enabled to work properly. We will get back to you shortly. Distressed. Please enable it to use the full functionality of the web site. This web site needs javascript enabled to work properly. Date: February 10, 2023. 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. of operating insurance entities in - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). There may be elements of danger regarding the payment of obligations. Thank You! These cookies do not store any personal information. Questionable security. Interpretation. - Protection for any business-owned or leased commercial vehicle. Currently has the ability to meet obligations. Date: February 24, 2023. Company Name: Southern Pacific Insurance Corporation Established: 2007 Address: P.O. Under supervision of insurance regulators. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . 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 View AM Best's Thank you for contacting us.We will get back to you shortly. Companies are often in default. AM Best Rating Unit: AMB #: 018014 - American Southern Group. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. Marginal. Additionally, the group has reported consistent profitability with generally favorable return metrics. the topmost entity of the corporate structure. Please note that consolidated data records or branch companies are indented below their respective legal entity. Extremely strong financial security. Failed. Fagatogo Square Suite 210 Pago Pago, AS 96799 To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. Very strong ability to meet obligations. For over 30 years, we've been listening a little closer. 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. 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). Note: Some of the classifications of the above rating companies are broken down into more levels than illustrated. Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. Questionable ability to meet obligations. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. The group of insurers includes the following companies: 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. They have demonstrated . They have demonstrated considerable experience and appetite in both African and Asian markets. Best's Credit and Issue Credit Ratings Highest safety. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Ability to meet obligations may not be adequate for long-term policies. Best's Credit Report Sections (Rating Rationale and Commentary). 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. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. - 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. Highly safe. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. Very strong ability to meet obligations. Criteria used:Company Names starting with "A" . AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. 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. 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. 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. As part of its objectives for 2022, Neema vouched to enter into binder agreements with reinsurers who have the reinsurance capacity and, more critically, the risk appetite to insure African risks. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Pacific Life Insurance Review. Certain protective elements may be lacking. var bbbprotocol = ( ("https:" == document.location.protocol) ? Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company Copyrights SOPAC southern Pacific Insurance Corporation. A+ Rated Life Insurance Companies 2022. This category only includes cookies that ensures basic functionalities and security features of the website. Yes, Pacific Specialty Insurance Company is an insurance company. Because policyholders are the priority. 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. Without insurance, those costs would be compounded by employee medical expenses and missed wages. Southern Pacific Insurance Corporation. Excellent 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. Search for a Rating. Please enable it to use the full functionality of the web site. 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. Working a bit harder to reach a higher standard. 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). A+ from Standards & Poor's - stable outlook affirmed June 20, 2019. Extremely poor prospects of offering financial security. Moving a bit faster. 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). 9 Best No-Lapse Guarantee Universal Life (GUL) Insurance Companies. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. - P&I Marine insurance is liability coverage for watercraft. Uncertain ability to meeto obligations. 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. Copyrights SOPAC southern Pacific Insurance Corporation. visit our Ratings & Analysis Center. Adequate security. If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. Not rated. You need business auto insurance to cover your vehicles. In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). Best Rated Life Insurance Companies 2021. Rating Services Announcements. Not rated. . the ability to pay its claims). AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . Use the (?) This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". Under Review Best's Rating, Disclosure Information Form links provided below for specific help on search filters and field definitions. Under supervision of insurance regulators. the rating(s) you have requested will be displayed. Regulatory action. Moderate risk factors. Provided me a quote and then withdrew it when I queried the terms. Pago Pago, American Samoa 96799. In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive insurer financial strength ratings of: The group of insurers includes the following companies: This is a forward-looking opinion about overall creditworthiness in order to pay financial obligations. Insurers in any of these ratings viewed as having poor ability to meet obligations. This web site needs javascript enabled to work properly. 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. marketing@pacificspecialty.com, Customer Support: 800-303-5000 - 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. Thank You! 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. This type of protection is not part of your general liability insurance or homeowners insurance. It is mandatory to procure user consent prior to running these cookies on your website. Thank You! Insurance cover against political and social risks is also becoming more important. The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. The outlook of these Credit Ratings (ratings) is stable. But it's run differently than most insurance companies. 14 likes. 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. Basic functionalities and security features of the classifications of the website dies, Workers Comp. 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