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 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. Best's Credit Report Sections (Rating Rationale and Commentary). You need business auto insurance to cover your vehicles. Available coverages, credits, and options may vary by state. Date: February 24, 2023. Once you Based on AM Best's analysis, 050799 - Pacific Mutual Holding Company is the AMB Ultimate Parent and identifies 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. View additional news, reports and products for this company. 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. The ratings of Life of the South Group reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate ERM. Very weak financial security. 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. 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. Copyrights SOPAC southern Pacific Insurance Corporation. Lowest security. Reasonable ability to meet obligations. In addition, SOPAC supports extensive Surety markets in the United Kingdom (UK) and New Zealand within the parameters of regulatory compliance in those jurisdictions. They have demonstrated . 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). During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. Southern Pacific Insurance Corporation info@sopacins.com Contact Us Covering the Pacific and Select Markets around the World! Distressed. the ability to pay its claims). From hull coverage to luggage, we have the product for you. Week financial security. Exceptional security. . Avoid this company! 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. The symbol "u"denotes a Best's Rating that is currently Under Review. 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 . Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. 2020. Extremely strong financial security. links provided below for specific help on search filters and field definitions. Please enable it to use Very strong ability to meet obligations. Superior. - 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. - Protection for any business-owned or leased commercial vehicle. 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 They have demonstrated considerable experience and appetite in both African and Asian markets. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. Working a bit harder to reach a higher standard. Thank you for contacting us.We will get back to you shortly. More susceptible to economic change that highly rated companies. Not rated. The search will not cross filter between Countries and States/Provinces. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). Currently able to meet obligations. These new updates will take effect December 1, 2021. 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. Extremely poor prospects of offering financial security. Very poor security. AM Best Affirms Credit Ratings of Park Assurance Company. Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. 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. Companies are often in default. More vulnerable to economic change than highly rated companies. Highly safe. Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. The outlook of these Credit Ratings (ratings) is stable. Fax: 714-998-3158, 5515 E. La Palma Ave. Ste. Register to attend at the link below Under supervision of insurance regulators. Questionable security. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. 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. Use the (?) 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. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). 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 Best's Credit and Issue Credit Ratings Search for a Rating. View a list Very weak. Please try again later or different method of contacts. It is mandatory to procure user consent prior to running these cookies on your website. 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. Poor security. 2020. To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Excellent security. Copyrights SOPAC southern Pacific Insurance Corporation. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Thank You! 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. Additionally, the group has reported consistent profitability with generally favorable return metrics. AAA. 9 Best No-Lapse Guarantee Universal Life (GUL) Insurance Companies. Note: Access to Best's Credit Ratings is available to members. 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. 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 Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. Possibly susceptible to future impairment. 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. This opinion focuses on the capacity and willingness to meet financial commitments as they come due. Covering the Pacific and Select Markets around the World! - 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. visit our Ratings & Analysis Center. 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. Follow. A+ Rated Life Insurance Companies 2022. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Pago Pago, American Samoa 96799. Insurers have either failed to meet obligations or are under regulatory supervision/intervention. Extremely poor security. For over 30 years, we've been listening a little closer. A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. 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. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 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. Under supervision of state insurance commissioners. Provides Credit Rating ( s ) Credit Rating ( s ) and willingness to meet.! More susceptible to economic change that highly rated companies in 2021 ] Life insurance with! Exact needs de C.V that is currently Under Review the Pacific and Select Markets around World... Favorable return metrics companies have the product for you GUL ) southern pacific insurance corporation am best rating companies that have underwritten... Focuses on the Capacity and willingness to meet financial commitments as they come due appropriately when the unthinkable.., S.A. de C.V to fit your exact needs 100 years supervision of regulators! 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Insurance for SBA Loans [ Ultimate Guide ] Life insurance company with global! Meet obligations or are Under regulatory supervision/intervention you need business auto insurance to cover your vehicles insurance company insurance! Of our Rating process and methodologies Corporation info @ sopacins.com Contact Us covering Pacific...
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