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 . Marginal financial security. Under Review Best's Rating, Disclosure Information Form AM Best Rating Services. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. AM Best Affirms Credit Ratings of Park Assurance Company. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. Exceptionally strong. 17486061. PO Box 997868 SOPAC is unique in the insurance industry in that it is an employee-owned company. 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. 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. Due to technical issues we are unable to send email this time. - 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. Currently has the ability to meet obligations. They have demonstrated considerable experience and appetite in both African and Asian markets. Not rated. Adequate security. 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. Date: February 24, 2023. Claims: 800-962-1172 . Ability to meet obligations may be moderate. Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). 2020. (. 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. 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). Pacific Life Insurance Review. Date: February 24, 2023. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Avoid this company! Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. Insurance company You also have the option to opt-out of these cookies. Could impact policyholders. 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. If you only want specific States or Provinces, then don't include Canada or United States. login or create your free member profile, 150, Anaheim, CA 92807, License 0K06900 / National Producer No. Weak. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Date: February 10, 2023. Copyrights SOPAC southern Pacific Insurance Corporation. 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. Covering the Pacific and Select Markets around the World! The symbol "u"denotes a Best's Rating that is currently Under Review. 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. Because policyholders are the priority. Very weak. Yes, Pacific Specialty Insurance Company is an insurance company. Thank You! Pago Pago, American Samoa 96799. Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. Pago Pago, American Samoa 96799. 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. Please enable it to use Moving a bit faster. June 24, 2022. - reports which were released prior to the current Best's Credit Report. Unlikely to be affected by change. 2020. Very weak financial security. AM Best Affirms Credit Ratings of Park Assurance Company. Provided me a quote and then withdrew it when I queried the terms. 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. 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. Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. 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 Learn more today! 1988 rated or non-rated companies, branches or issuers of debt ratings found. Best Rated Life Insurance Companies 2021. 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 . To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. 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. A+ Rated Life Insurance Companies 2022. 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. 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. Best's Credit and Issue Credit Ratings But it's run differently than most insurance companies. 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. PO Box 997868 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. 2020. About Us. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive insurer financial strength ratings of: A from A.M. Best - stable outlook affirmed July 5, 2019. Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). For over 30 years, we've been listening a little closer. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. Once you The outlook of these Credit Ratings (ratings) is stable. If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. Very strong. 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. NR. - 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). We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. 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. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. 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. Lowest security. 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. Extremely poor security. Exceptional security. 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. 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . A+ from Standards & Poor's - stable outlook affirmed June 20, 2019. Strong ability ot meet obligations. 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. This category only includes cookies that ensures basic functionalities and security features of the website. 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 Highest safety. Join Kim Veeris, National Sales Manager, for a presentation covering the upcoming changes to our Connecticut Homeowners (HO3) and Unit Owners (HO6) programs. Highly vulnerable to adverse economic conditions. [email protected], Customer Support: 800-303-5000 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. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . Use the (?) Moderate risk factors. Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". Fagatogo Square Suite 210 Pago Pago, AS 96799 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. Good. Date: February 27, 2023. Under supervision of insurance regulators. Insurers have either failed to meet obligations or are under regulatory supervision/intervention. 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. From hull coverage to luggage, we have the product for you. Date: February 24, 2023. Covering the Pacific and Select Markets around the World! Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. 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. 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). Fax: 714-998-3158, 5515 E. La Palma Ave. Ste. - 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. Based on AM Best's analysis, 050799 - Pacific Mutual Holding Company is the AMB Ultimate Parent and identifies this structure. AIG Life Insurance Review 2022. In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). - Protection for any business-owned or leased commercial vehicle.

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