OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Pacific Pioneer Insurance Company (Pacific Pioneer) (Cypress, CA). The negative outlook is based on Pacific Pioneer’s significant decline in policyholders’ surplus and risk-adjusted capitalization, driven by substantial underwriting and operating losses. The ratings affirmation reflects Pacific Pio
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