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. Strong financial security. Failed. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. Insurers have either failed to meet obligations or are under regulatory supervision/intervention. An unfavorable business environment will probably reduce its ability to meet obligations. The groups operating performance has been supported by a long-term trend of strong premium growth and consistent profitability. u Denotes Learn more today! Assurance of punctual payment of obligations is small over the long run. The outlook of these Credit Ratings (ratings) is stable. Thank You! See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. https://register.gotowebinar.com/register/639294962347314189, psic@pacificspecialty.com the topmost entity of the corporate structure. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Injuries cost small businesses in lost productivity. More vulnerable to economic change than highly rated companies. Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). marketing@pacificspecialty.com, Customer Support: 800-303-5000 - 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. More susceptible to economic change that highly rated companies. 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. 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. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Find company research, competitor information, contact details & financial data for SOUTHERN PACIFIC INSURANCE CORPORATION of Pago Pago. Because policyholders are the priority. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. Exceptionally strong. 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. Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. Interpretation. . Superior. Good financial security. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). PO Box 997868 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. Covering the Pacific and Select Markets around the World! PO Box 997868 Marginal. 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. Pago Pago, American Samoa 96799. Exceptional security. Date: February 10, 2023. Rating Suspended - usually due to insufficient information. For over 30 years, we've been listening a little closer. Strong ability to meet obligations. (. We also use third-party cookies that help us analyze and understand how you use this website. Week financial security. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Please enable it to use the full functionality of the web site. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. Copyrights SOPAC southern Pacific Insurance Corporation. Moderate risk factors. 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. 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. 2020. "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 Possibly susceptible to future impairment. Marginal financial security. Use the (?) Extremely weak. 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). Moving a bit faster. Under Review Best's Rating, Disclosure Information Form Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. If you only want specific States or Provinces, then don't include Canada or United States. Use the (?) Under supervision of insurance regulators. 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. 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. 17486061. Not rated. AM Best has provided ratings & analysis on this company since 1928. You need business auto insurance to cover your vehicles. The term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. That is our promise to you. Copyrights SOPAC southern Pacific Insurance Corporation. Date: February 24, 2023. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Highest safety. 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. There may be elements of danger regarding the payment of obligations. The group of insurers includes the following companies: The outlook of these Credit Ratings. Over time, SOPAC's market focus has expanded to include the Caribbean, Mainland US, Europe, Africa, the Middle East, Central Asia, and South America. But it's run differently than most insurance companies. Currently able to meet obligations. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). 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. About Us. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . 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 African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). 14 likes. Questionable ability to meet obligations. Copyrights SOPAC southern Pacific Insurance Corporation. 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 View AM Best's We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. Additionally, the group has reported consistent profitability with generally favorable return metrics. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. 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. If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. Pacific Life Insurance Review. 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. During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. Moderate risk factors. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . 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Fagatogo Square Suite 210 Pago Pago, AS 96799 AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. 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. Best Rated Life Insurance Companies 2021. the ability to pay its claims). It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. 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 Extremely poor security. Criteria used:Company Names starting with "A" . Risk factors may be somewhat high. Insurers in any of these ratings viewed as having poor ability to meet obligations. Once you 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. This web site needs javascript enabled to work properly. & analysis on this company since 1928 a complete overview of our rating process methodologies. Functionality of the rating event balance sheet has materially contracted over the past two years with the sale subsidiary. Credit rating southern pacific insurance corporation am best rating payment of obligations, competitor information, contact details & ;., received an issuer Credit rating from Standards & Poor 's ofA- ( stable ) Best Consolidated for... 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