Southern Pioneer Property & Casualty Insurance Company was formed in 1981. Their primary focus in the beginning was providing credit-related coverages for banks and furniture dealers. In 1992, they began writing License Bonds and Garage Liability insurance for Non-Franchised Automobile Dealers in Arkansas. Over the years, they have expanded their geographic territory to include Alabama, Missouri, Tennessee and Texas. In 2003, they began offering Dwelling Property and Homeowners coverage in Tennessee, and they expanded the product to Arkansas in 2012.
Since their formation in 1981, they have grown from $500,000 in Capital and Surplus to over $30,000,000 in 2020.
In March of 2020 Southern Pioneer Property & Casualty Insurance Company was acquired by Biglari Holdings, Inc. of San Antonio, Texas.