OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of California Mutual Insurance Company (California Mutual) (Hollister, CA). The negative outlooks are based on California Mutual’s unfavorable five-year and ten-year underwriting results and pre-tax operating returns relative to industry norms and their deterioration in recent years, which fell shor