southern pacific insurance corporation am best rating

Insurers have either failed to meet obligations or are under regulatory supervision/intervention. Get the latest business insights from Dun & Bradstreet. Southern Pacific Insurance Corporation info@sopacins.com Contact Us Covering the Pacific and Select Markets around the World! Date: February 24, 2023. 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. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. Week financial security. The entitys risk-adjusted capitalization declined from the prior year due to a significant dividend in 2020 but remains assessed at the adequate level. Highest safety. This press release relates to Credit Ratings that have been published on AM Bests website. 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. View additional news, reports and products for this company. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. AM Best Affirms Credit Ratings of Park Assurance Company. marketing@pacificspecialty.com, Customer Support: 800-303-5000 AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Date: February 24, 2023 View All . 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. 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 Revises Outlooks to Negative for Mutual of America Life Insurance Company. We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. That is our promise to you. 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. Thank You! 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). visit our Ratings & Analysis Center. Good security. Ability to meet obligations may be moderate. In addition, SOPAC supports extensive Surety markets in the United Kingdom (UK) and New Zealand within the parameters of regulatory compliance in those jurisdictions. We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. Rating Suspended - usually due to insufficient information. Not rated. 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. 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. 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 17486061. Interpretation. Note: Some of the classifications of the above rating companies are broken down into more levels than illustrated. No opinion is expressed about the firm's financial condition. Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. These new updates will take effect December 1, 2021. Significant risk, even in a stable economy. Please enable it to use the full functionality of the web site. 15659. Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. 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. Excellent security. Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. Date: February 24, 2023. Rating Services Announcements. Weak. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . Find company research, competitor information, contact details & financial data for SOUTHERN PACIFIC INSURANCE CORPORATION of Pago Pago. Please try again later or different method of contacts. - 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). Highly vulnerable to adverse economic conditions. Fair financial security. Extremely poor prospects of offering financial security. To Submit News go to - https://www.ambest.com/bestweek/submitnews.html, Guide to Proper Use of Bests Ratings & Assessments, AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, Skyward Specialty CEO: Growth-Focused Carrier Is Courting Top-Tier Underwriters, California FAIR Plan Tells Senate Committee Its Unable to Cover More Risks, AM Best Assigns Issue Credit Ratings to The Cigna Groups New Senior Unsecured Notes, Fidelis Submits Confidential Draft Registration Statement for Initial Public Offering, State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%, Louisiana Insurer Incentive Program Off to Quiet Start, GuideOne Exits E&S Property to Focus on E&S Casualty, Program Business, Florida Legislation Would Crack Down on Windshield Replacement Abuse, Bests Market Segment Report: U.S. Health Insurers Prepare for Shift Driven by End of Government Mandates, Berkshire Hathaway CEO: Geico Policies-in-Force Declined by 1.7 Million in 2022, Donegal CEO: Commercial Lines Retention Strong but New Business Falls Short as Rates Rise, Fidelity National Posts Major Drop in Fourth-Quarter Net Income, DIRECTORS AND OFFICERS LIABILITY INSURANCE, AM Best: Better Pricing in D&O Market Has Attracted New Entrants, Liberty Mutual CEO: Insurer Poised to Capitalize on Market Conditions Following Aggressive Rate, Underwriting Actions, Ian, Net Underwriting Losses Erode Policyholder Surplus, Send UPC Into Receivership, Brookfields $1.1 Billion Acquisition Marks End of Argos Tumultuous Ride, Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself, Allstate Posts $310M Applicable Net Loss for 4Q and $1.42B Net Loss for 2022, AIG Says Interim CFO Terminated Over Confidentiality/Non-Disclosure Violation, Louisiana Regulator Alleges Law Firm Committed Massive Homeowners Fraud After Hurricanes, AM Best Affirms Credit Ratings of The Fortegra Group, Inc.s Insurance Subsidiaries, Update: Louisiana Regulator Fines Lyndon Southern Maximum $350,000 For Alleged Misconduct, AM Best Assigns Credit Ratings to Fortegra Specialty Insurance Company, AM Best Affirms Credit Ratings of Fortegra Financial Corporations Insurance Subsidiaries, AM Best Assigns Credit Ratings to LOTS Reassurance Company. 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. 2020. Thank you for contacting us.We will get back to you shortly. NR. AM Best Rating Services. Rating Disclosure Form, Press Release Due to technical issues we are unable to send email this time. Note: Access to Best's Credit Ratings is available to members. No. This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. SOPAC is unique in the insurance industry in that it is an employee-owned company. 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. Avoid this company! Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company the ability to pay its claims). Very strong financial security. 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 Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Fagatogo Square Suite 210 Pago Pago, AS 96799 Covering the Pacific and Select Markets around the World! Moving a bit faster. 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. Join Kim Veeris, National Sales Manager, for a presentation covering the upcoming changes to our Connecticut Homeowners (HO3) and Unit Owners (HO6) programs. Marginal 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. From hull coverage to luggage, we have the product for you. Pacific Life Insurance Review. this structure. Very weak. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. 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. 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. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. 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. AM Best Affirms Credit Ratings of Park Assurance Company. Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. 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). Use the (?) 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 Exceptional security. Interpretation. Under Review Best's Rating, Disclosure Information Form Company Name: Southern Pacific Insurance Corporation Established: 2007 Address: P.O. 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. Insurance company links provided below for specific help on search filters and field definitions. But it's run differently than most insurance companies. Distressed. Covering the Pacific and Select Markets around the World! 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. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). Fagatogo Square Suite 210 Pago Pago, AS 96799 Assurance of punctual payment of obligations is small over the long run. Fair. 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. The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . This web site needs javascript enabled to work properly. Follow. - P&I Marine insurance is liability coverage for watercraft. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Injuries cost small businesses in lost productivity. Regulatory action. Fagatogo Square Suite 210 Pago Pago, AS 96799 They have demonstrated . Under supervision of state insurance commissioners. AM Best Rating Unit: AMB #: 018014 - American Southern Group. Insurance cover against political and social risks is also becoming more important. The groups operating performance has been supported by a long-term trend of strong premium growth and consistent profitability. Date: February 27, 2023. Copyrights SOPAC southern Pacific Insurance Corporation. This website uses cookies to improve your experience while you navigate through the website. Thank You! A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. https://register.gotowebinar.com/register/639294962347314189, psic@pacificspecialty.com PO Box 997868 Not rated. Date: February 24, 2023. About Us. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. Strong ability to deal with economic adversity. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. Moderately weak. 2020. A+ from Standards & Poor's - stable outlook affirmed June 20, 2019. 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. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. Good financial security. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. 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. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. - General Liability coverage is available for a wide range of risks. Very weak financial security. Please enable it to use the full functionality of the web site. You also have the option to opt-out of these cookies. The term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. Weak financial security. the topmost entity of the corporate structure. But opting out of some of these cookies may have an effect on your browsing experience. The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. Under supervision of insurance regulators. - Protection for any business-owned or leased commercial vehicle. . 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. Superior. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Companies are often in default. Extremely poor security. Use the (?) This web site needs javascript enabled to work properly. Best Rated Life Insurance Companies 2021. Marginal. Unlikely to be affected by change. Date: February 24, 2023. Register to attend at the link below Southern Pacific Insurance Corporation. These cookies will be stored in your browser only with your consent. 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. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. of operating insurance entities in Thank You! AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. 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 If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. More susceptible to economic change that highly rated companies. Reasonable ability to meet obligations. u Denotes Strong. The search will not cross filter between Countries and States/Provinces. login or create your free member profile, Lowest 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. "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 Our relationship with SOPAChas been very satisfactory. Criteria used:Company Names starting with "A" . 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. African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). PO Box 997868 AM Best has provided ratings & analysis on this company since 1928. Poor security. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. Very strong ability to meet obligations. Because policyholders are the priority. Pago Pago, American Samoa 96799. 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). Highly safe. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. 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 . This web site needs javascript enabled to work properly. 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). 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 following are reports for U.S. entities. 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. No opinion is expressed about the firm's financial condition. This category only includes cookies that ensures basic functionalities and security features of the website. There may be elements of danger regarding the payment of obligations. . PO Box 997868 Pago Pago, American Samoa 96799. Good ability to meet obligations. Working a bit harder to reach a higher standard. Very strong. Mililani, HI 96789-0519. Extremely weak. AIG Life Insurance Review 2022. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Date: February 3 . 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 . (. 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. 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. 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 Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries Strong financial security. 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. Very weak. The symbol "u"denotes a Best's Rating that is currently Under Review. the full functionality of the web site. Very poor security. Adequate 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. These cookies do not store any personal information. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . Date: February 24, 2023. - reports which were released prior to the current Best's Credit Report. Currently able to meet obligations. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. Covering the Pacific and Select Markets around the World! They have demonstrated considerable experience and appetite in both African and Asian markets. Without insurance, those costs would be compounded by employee medical expenses and missed wages. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. Moderate risk factors. This opinion focuses on the capacity and willingness to meet financial commitments as they come due. Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. 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. Could impact policyholders. 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. If you only want specific States or Provinces, then don't include Canada or United States. Strong ability to meet obligations. In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. 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. 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 Very strong ability to meet obligations. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. Grade. AAA. Unlikely to be affected by change. We will get back to you shortly. 2020. 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. 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. For over 30 years, we've been listening a little closer. 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. Claims: 800-962-1172 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 Good financial security. SOPAC is registered and/or authorized in numerous jurisdictions including American Samoa under Business License No. Insurers in any of these ratings viewed as having poor ability to meet obligations. The outlook of these Credit Ratings. Extremely strong financial security. 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. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Lower than Aaa because long-term risks appear somewhat larger. Best's Credit and Issue Credit Ratings Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. Under supervision of insurance regulators. Date: February 24, 2023. 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. For more information about Best's Credit Ratings, please Please enable it to use the full functionality of the web site. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. 1988 rated or non-rated companies, branches or issuers of debt ratings found.

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southern pacific insurance corporation am best rating