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A.M. Best Revises Outlook to Negative for PrimeOne Insurance Company

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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of PrimeOne Insurance Company (PrimeOne) (headquartered in Agoura Hills, CA). The revised outlook reflects PrimeOne’s projected declining trend in risk-adjusted capitalization for the next three years, as well as the significant execution risk surrounding the new ownership and management. The ratings are based on

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