Kingstone Launches in Rhode Island

KINGSTON, N.Y.--()--Kingstone Companies, Inc. (Nasdaq:KINS) (the “Company” or “Kingstone”), a multi-line property and casualty insurance holding company, today announced that, on December 5th, Kingstone Insurance Company (“KICO”), its wholly-owned subsidiary, launched a new and innovative homeowner product in Rhode Island.

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 homeowner product can be tailored to meet our clients’ coverage needs and lifestyle changes. Our core company values and reputation for excellence have smoothed the path for us in Rhode Island,“ said David Delaney, Head of Business Development. “We look forward to adding new products in the future, bringing to the neighborhood agencies of Rhode Island what is enjoyed by New York KICO agents today,” Mr. Delaney added.

Rhode Island is the second new state into which KICO has expanded this year. KICO began writing in New Jersey in May and anticipates adding Massachusetts, Connecticut and other New England states in 2018 and 2019. KICO’s website is www.KingstoneInsurance.com.

About Kingstone Companies, Inc.

Kingstone is a property and casualty insurance holding company whose principal operating subsidiary, Kingstone Insurance Company, is domiciled in the State of New York. Kingstone is a multi-line property and casualty insurance company writing business exclusively through independent retail and wholesale agents and brokers. Kingstone is licensed to write insurance policies in New York, New Jersey, Pennsylvania, Connecticut, Rhode Island, Massachusetts and Rhode Island. Kingstone offers property and casualty insurance products to individuals and small businesses in New York, New Jersey, Pennsylvania and Rhode Island.

Forward-Looking Statement

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. More information about these factors can be found in Kingstone’s filings with the Securities and Exchange Commission, including its latest Annual Report filed with the Securities and Exchange Commission on Form 10-K. Kingstone undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Website

The Information on KICO’s website is not considered part of this press release.

Contacts

Kingstone Companies, Inc.
Amanda M. Goldstein, (516) 960-1319
Investor Relations Director

Contacts

Kingstone Companies, Inc.
Amanda M. Goldstein, (516) 960-1319
Investor Relations Director