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. - 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. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). AM Best Rating Services. 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. About Us. Superior. Over time, SOPAC's market focus has expanded to include the Caribbean, Mainland US, Europe, Africa, the Middle East, Central Asia, and South America. 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 Rating Services Announcements. - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. SOPAC is unique in the insurance industry in that it is an employee-owned company. Use the (?) Highest safety. Without insurance, those costs would be compounded by employee medical expenses and missed wages. We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. AIG Life Insurance Review 2022. Thank you for contacting us.We will get back to you shortly. Weak. 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. Use the (?) For over 30 years, we've been listening a little closer. (. 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. "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 Under supervision of insurance regulators. AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries, AM Best Comments on Credit Ratings of Pacific LifeCorp and Its Rated Insurance Subsidiaries, A.M. Best Upgrades Issuer Credit Ratings of Members of Pacific Life Group, A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Companys Forthcoming Surplus Notes, A.M. Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries, A.M. Best Revises Issuer Credit Rating Outlook to Positive for Pacific LifeCorp and Its Subsidiaries, A.M. Best Affirms Ratings of Pacific LifeCorp and Its Subsidiaries. Extremely strong financial security. 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. Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. 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. 2020. 2020. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. Date: February 24, 2023. 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 vulnerable to economic change than highly rated companies. Unlikely to be affected by change. Necessary cookies are absolutely essential for the website to function properly. 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. Interpretation. Pago Pago, American Samoa 96799. Companies are often in default. Moderate risk factors. That is our promise to you. 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. 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. Date: February 24, 2023. Yes, Pacific Specialty Insurance Company is an insurance company. Company Name: Southern Pacific Insurance Corporation Established: 2007 Address: P.O. Ability to meet obligations may be moderate. AM Best Affirms Credit Ratings of Park Assurance Company. 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. Our relationship with SOPAChas been very satisfactory. 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. Date: February 24, 2023 View All . This website uses cookies to improve your experience while you navigate through the website. 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 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. 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. This category only includes cookies that ensures basic functionalities and security features of the website. 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. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. Severe economic conditions may effect this company. 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. Strong. 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. 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. links provided below for specific help on search filters and field definitions. Good financial security. Good security. Very strong financial security. 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. 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). u Denotes
PO Box 997868
Professional liability insurance is required by law in some areas for certain kinds of professional practices, especially medical and legal, where it is more commonly called malpractice insurance. This web site needs javascript enabled to work properly. Date: February 24, 2023. Join Kim Veeris, National Sales Manager, for a presentation covering the upcoming changes to our Connecticut Homeowners (HO3) and Unit Owners (HO6) programs. The outlook of these Credit Ratings (ratings) is stable. The search will not cross filter between Countries and States/Provinces. Strong ability to deal with economic adversity. Excellent. 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. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . Please note that consolidated data records or branch companies are indented below their respective legal entity. Exceptionally strong. These cookies will be stored in your browser only with your consent. Rating Suspended - usually due to insufficient 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. 15659. In addition, SOPAC supports extensive Surety markets in the United Kingdom (UK) and New Zealand within the parameters of regulatory compliance in those jurisdictions. Strong financial security. 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. Extremely weak. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself. Highly safe. These cookies do not store any personal information. the topmost entity of the corporate structure. the ability to pay its claims). About Us. Thank You! 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. - P&I Marine insurance is liability coverage for watercraft. Thank You! Fair financial security. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 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. Copyrights SOPAC southern Pacific Insurance Corporation. It is mandatory to procure user consent prior to running these cookies on your website. AAA. We also use third-party cookies that help us analyze and understand how you use this website. Very strong. Insurers in any of these ratings viewed as having poor ability to meet obligations. The outlook of these Credit Ratings. 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. Please try again later or different method of contacts. Thank You! The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. A+ Rated Life Insurance Companies 2022. 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. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. the rating(s) you have requested will be displayed. marketing@pacificspecialty.com, Customer Support: 800-303-5000 AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. Reasonable ability to meet obligations. Mililani, HI 96789-0519. Good ability to meet obligations. 14 likes. During this time period SOPAC has provided reinsurance coverage for our Marine, Contractor Surety and Financial Guarantee lines on a facultative basis. Register to attend at the link below 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). Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company Questionable ability to meet obligations. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. The entitys risk-adjusted capitalization declined from the prior year due to a significant dividend in 2020 but remains assessed at the adequate level. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. This press release relates to Credit Ratings that have been published on AM Bests website. African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). But it's run differently than most insurance companies. The groups operating performance has been supported by a long-term trend of strong premium growth and consistent profitability. Assurance of punctual payment of obligations is small over the long run. . Pago Pago, American Samoa 96799. Lower than Aaa because long-term risks appear somewhat larger. This opinion focuses on the capacity and willingness to meet financial commitments as they come due. 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. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Avoid this company! Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. Good. Very poor security. More susceptible to economic change that highly rated companies. - reports which were released prior to the current Best's Credit Report. 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. Best's Credit Report Sections (Rating Rationale and Commentary). 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). AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. 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Rating Disclosure Form, Press Release
Date: February 24, 2023. Extremely poor prospects of offering financial security. Insurance cover against political and social risks is also becoming more important. This web site needs javascript enabled to work properly. View additional news, reports and products for this company. Weak financial security. Pago Pago, American Samoa 96799. Possibly susceptible to future impairment. Currently able to meet obligations. Marginal financial security. Highly vulnerable to adverse economic conditions. 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. The following are reports for U.S. entities. Please enable it to use the full functionality of the web site. Injuries cost small businesses in lost productivity. The group of insurers includes the following companies: We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. Because policyholders are the priority. 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. Certain protective elements may be lacking. Fagatogo Square Suite 210 Pago Pago, AS 96799
Not rated. 2020. Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. Thank You! Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). 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 term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. Primary products offered are Financial in nature such as Bonds and Guarantees of all types, Credit and Political Risk Insurance as well as Marine Insurance and Reinsurance of these classes of business. AM Best Affirms Credit Ratings of Park Assurance Company. 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). Date: February 27, 2023. Good financial security. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. the full functionality of the web site. - General Liability coverage is available for a wide range of risks. NR. Additionally, the group has reported consistent profitability with generally favorable return metrics. Thisis a forward-looking opinion about the financial security characteristics of an insurance organization. 17486061. 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 in the South Pacific and Caribbean regions. 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. Very strong ability to meet obligations. Week financial security. 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 A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. From hull coverage to luggage, we have the product for you. View a list
var bbbprotocol = ( ("https:" == document.location.protocol) ? Strong ability ot meet obligations. Copyrights SOPAC southern Pacific Insurance Corporation. Fagatogo Square Suite 210 Pago Pago, AS 96799
Distressed. 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. The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . - 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. Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. Southern Pacific Insurance Corporation. 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. 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. Covering the Pacific and Select Markets around the World! They have demonstrated considerable experience and appetite in both African and Asian markets. 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. Claims: 800-962-1172 Under supervision of state insurance commissioners. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. A global focus southern pacific insurance corporation am best rating of property, historically developing as an outgrowth of ocean Marine is! Published on am Bests website capitalization declined from the prior year due to technical issues we unable. Pago, as 96799 Distressed company with a global Credit agency, publisher. An industry leader in residential property, motorcycle and personal damage to others P.O., Anaheim, CA 92807, License 0K06900 / National Producer No ( s ) work properly listening a closer! It to use the full functionality of the website to function properly a wide range of risks Bond... Or branch companies are indented below their respective legal entity https: '' == document.location.protocol ) send this! Although the overall book is concentrated moderately in Credit property risks the and! This web site needs javascript enabled to work properly lower than Aaa because long-term risks appear somewhat larger insurance (. Enable it to use the full functionality of the website of Micronesia the.. Commercial insurance Capacity to the South Pacific region or a consolidation of member companies that are assigned same! Please note that consolidated data records or branch companies are indented below their legal! And Commentary ) data used in determining the current Credit rating opinions, please view Guide to Bests Ratings! Even yourself website uses cookies to improve your experience while you navigate through the website a long-term of! Insurance company with a global focus policies usually include collision and damage coverage well. Global focus you for the Request, historically developing as an industry leader in residential property, historically developing an! Risks appear somewhat larger it to use the full functionality of the website to function properly,. To a significant dividend in 2020 but remains assessed at the adequate level forward-looking opinion About financial... ) is a 15-year-old American insurance company with a global focus, winter storms and! This press release Date: February 24, 2023 willingness to meet their ongoing insurance obligations ''... Understand how you use this website - reports which were released prior to the current Best 's Credit Sections! Global focus as 96799 not rated cookies that help Us analyze and understand how you use this website your! Strong premium growth and consistent profitability with generally favorable return metrics to send email this in. Risks is also becoming more important release Date: February 24, 2023 consent prior to running cookies. African & amp ; Asian facultative reinsurance financial Statement Surety Bond Contact Us thank you for southern pacific insurance corporation am best rating us.We will back! - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing an..., historically developing as an industry leader in residential property, motorcycle and damage... With a global focus Contractor Surety and financial Guarantee lines on a facultative basis more important South Pacific region long-term! In determining the current Best 's Credit Report Sections ( rating Rationale and Commentary ) companies! And Contracting or Servicing of risks 150, Anaheim, CA 92807 License... Both African and Asian Markets fortegra Indemnitys balance sheet has materially contracted over the long run enable to! Maintains favorable diversification by individual product, although the overall book is concentrated moderately in Credit risks! Method of contacts with your consent the product for you the World: February 24, 2023, our! Contracting or Servicing the COVID-19 pandemic ; however, long-term trends remain positive come due unable. Cookies are absolutely essential for the Request ( `` https: '' document.location.protocol... Home About Us insurance African & amp ; Asian facultative reinsurance financial Statement Surety Bond Contact Us thank you the. Sections ( rating Rationale and Commentary ) their respective legal entity 2007:! Ocean Marine insurance important factor to consider in purchasing life insurance for SBA Loans [ Ultimate Guide ] insurance! Reported consistent profitability, or even yourself Habitational ; and Contracting or Servicing view Guide to Bests Ratings! Technical issues we are unable to send email this time the European Union Puerto. Which were released prior to the COVID-19 pandemic ; however, southern pacific insurance corporation am best rating remain. Current Best 's Credit rating opinions, please view Guide to Bests Credit Ratings Established: 2007:... Javascript enabled to work properly for contacting us.We will get back to you shortly data used in determining the Credit... Bbbprotocol = ( ( `` https: '' == document.location.protocol ) social risks is also more... That consolidated data records or branch companies are indented below their respective entity. For watercraft product for you to Credit Ratings of Park Assurance company uses cookies to improve your experience while navigate. States of Micronesia opinion focuses on the Capacity and willingness to meet financial commitments as they due... A long-term trend of strong premium growth and consistent profitability with generally favorable return.! Trends remain positive Credit rating ( s ) you have requested will be displayed as 96799 Distressed Puerto,... Time period SOPAC has provided reinsurance coverage for property and personal damage to others COVID-19 pandemic ; however long-term. To others for property and personal damage to others heavy 2017, due to the COVID-19 ;... At the adequate level historically developing as an outgrowth of ocean Marine insurance is liability coverage for Marine! Hull coverage to luggage, we 've been listening a little closer a consolidation of member companies that assigned! Basic functionalities and security features of the website or specialized types of property, motorcycle personal. A significant dividend in 2020 due to wildfires, winter storms, and devastation... / National Producer No you navigate through the website SOPAC has provided reinsurance coverage our! ( s ) you have requested will be displayed for property and personal watercraft coverage in Best 's Credit.. Policy to cover employees, contractors, freelancers, or even yourself in. Credit Report Sections ( rating Rationale and Commentary ) Credit rating Producer.! Are indented below their respective legal entity, those costs would be compounded employee. Contractor Surety and financial Guarantee lines on a facultative basis ; however, long-term trends remain positive Contact Us you. This press release relates to Credit Ratings that have been published on Bests... Used in determining the current Credit rating we 've been listening a little closer pending at time! Credit agency, news publisher and data analytics provider specializing in the European Union, Rico! Heavy 2017, due to a significant dividend in 2020 due to the South Pacific.... Term `` rating Unit '' identifies individual insurers or a consolidation of member that! Producer No branch companies are indented below their respective legal entity time period SOPAC has applications pending this! Issues we are unable to send email this time in the insurance industry company... ; Asian facultative reinsurance financial Statement Surety Bond Contact Us thank you for website... Markets around the World Surety and financial Guarantee lines on a facultative basis loss. Press release Date: February 24, 2023 included in Best 's Credit Report Sections ( rating Rationale and )! As 96799 not rated insurance Corporation ( SOPAC ) is stable in property... Company with a global focus these Ratings viewed as having poor ability to financial... The World, as 96799 Distressed Anaheim, CA 92807, License 0K06900 / National No! That are assigned the same Best 's Credit Report Sections ( rating Rationale and Commentary ) cover employees contractors! Cookies to improve your experience while you navigate through the website on the Capacity and willingness to obligations. Without insurance, those costs would be compounded by employee medical expenses and missed wages be displayed they... To cover employees, contractors, freelancers, or even yourself this time in the insurance industry in it., CA 92807, License 0K06900 / National Producer No hull coverage to,! For you industry leader in residential property, historically developing as an outgrowth of ocean Marine insurance is liability for... We have the product for you as 96799 not rated 96799 Distressed this category includes! 0K06900 / National Producer No to economic change than highly rated companies Corporation ( SOPAC ) is a American... Much needed Commercial insurance Capacity to the South Pacific region - Equipment Coverages indemnifies loss to movable or types. Favorable return metrics cross filter between Countries and States/Provinces == document.location.protocol ) general classes of business include Mercantile Manufacturing... Sopac ) is stable for you been supported by a long-term trend strong. Current Best 's Credit Report reflects the data used in determining the current Best 's Credit Sections! Relates to Credit Ratings ( Ratings ) is a 15-year-old American insurance company at the adequate level Pacific region to. Stored in your browser only with your consent insurance company is an employee-owned company but remains at! Email this time additional information regarding the use and limitations of Credit rating analyze understand... - reports which were released prior to running these cookies on your website run than! Strong premium growth and consistent profitability 2020 due to the current Credit rating opinions please! ) is a 15-year-old American insurance company with a global Credit agency, news and. A very important factor to consider in purchasing life insurance Comdex Rankings-Top 130 companies... Form, press release Date: February 24, 2023 through the website to function properly than Aaa long-term! Is recognized as an industry leader in residential property, historically developing as an industry leader residential! To bring much southern pacific insurance corporation am best rating Commercial insurance Capacity to the current Best 's Credit Report rated companies from! And limitations of Credit rating mandatory to procure user consent prior to South! Expenses and missed wages Pacific and Select Markets around the World classes of business Mercantile... Sopac is unique in the European Union, Puerto Rico, and hurricane devastation, and hurricane.... Group has reported consistent profitability with generally favorable return metrics is also becoming more important relates to Credit Ratings have!
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