Kingstone Launches in Connecticut
KINGSTON, N.Y.--(BUSINESS WIRE)--Mar 20, 2019--Kingstone Companies, Inc. (Nasdaq:KINS) (the “Company” or “Kingstone”), a multi-line property and casualty insurance holding company, today announced that, on March 19 th, Kingstone Insurance Company (“KICO”), its wholly-owned subsidiary, launched a new and innovative homeowner product in Connecticut.
Kingstone continues on its path to becoming a northeast regional underwriter, distributing its AM Best “A- Excellent” rated products exclusively through independent agents. “KICO’s new Connecticut homeowner product can be tailored to meet our clients’ coverage needs and lifestyle changes. Our core company values and reputation for excellence continues to pave the way as we open in new expansion states,” said David Delaney, SVP and Head of Business Development. “We look forward to adding Personal and Commercial products in the future, bringing to the independent neighborhood agencies of Connecticut the service that is enjoyed by KICO agents today,” Mr. Delaney added.
Connecticut is the fourth new state into which KICO has expanded into in the last 22 months. KICO began writing in New Jersey in May of 2017, Rhode Island that December, and Massachusetts in June of 2018. Kingstone anticipates adding Maine and New Hampshire in 2019 and 2020, respectively.
KICO’s website is www.KingstoneInsurance.com.
About Kingstone Companies, Inc.
Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (“KICO”). KICO is a multi-line carrier writing business exclusively through retail and wholesale agents and brokers. KICO offers primarily personal lines insurance products to individuals as well as various small business coverages. Actively writing in New York, New Jersey, Rhode Island, Massachusetts, Connecticut and Pennsylvania, Kingstone is also licensed (but not yet active) in New Hampshire and Maine.
Statements in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. For more details on factors that could affect expectations, see Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2018 under “Factors That May Affect Future Results and Financial Condition.” Kingstone undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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CONTACT: Kingstone Companies, Inc.
Amanda M. Goldstein
Investor Relations Director
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: Kingstone Companies, Inc.
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PUB: 03/20/2019 12:00 PM/DISC: 03/20/2019 12:01 PM