Kingstone Companies

Kingstone Announces Estimated First Quarter 2023 Catastrophe Losses

Retrieved on: 
Monday, May 8, 2023
Insurance, Professional Services, Kingstone, Kingstone Companies, KINS

Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the first quarter of 2023 of $3.72 million ($2.96 million after-tax).

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the first quarter of 2023 of $3.72 million ($2.96 million after-tax).
  • Catastrophe losses for the quarter resulted from two events.
  • As previously announced, Kingstone will hold its 2023 First Quarter financial results conference call for analysts and investors on Friday, May 12, 2023 at 8:30 a.m. Eastern Time.
  • Financial information, including material announcements about Kingstone Companies, is routinely posted on www.kingstonecompanies.com .

Kingstone Announces Estimated Fourth Quarter 2022 Catastrophe Losses

Retrieved on: 
Wednesday, February 1, 2023
Insurance, Professional Services, Storm, Growth, December 2022 North American winter storm, Kingstone Companies, KINS, Kingstone

Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the fourth quarter of 2022 of $3.66 million ($2.89 million after-tax) or 12.0 points of net earned premium.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the fourth quarter of 2022 of $3.66 million ($2.89 million after-tax) or 12.0 points of net earned premium.
  • Catastrophe losses for the quarter primarily resulted from Winter Storm Elliott, which significantly impacted the Northeast, including the states in which Kingstone operates.
  • Goldstein continued, “I am delighted to share that Kingstone achieved a milestone in 2022 with annual direct written premiums exceeding $200 million for the first time.
  • The increase in our premiums at a higher rate than the growth in exposures is representative of the progress we are making on our go-forward plan to return Kingstone to profitability.”
    As previously announced, Kingstone will hold its 2022 Fourth Quarter and Full Year 2022 financial results conference call for analysts and investors on Friday, March 31, 2023 at 8:30 a.m. Eastern Time.

Kingstone Insurance Company Goes Live with Insurity’s Sure AI Assistant to Continue Modernization Initiatives Delivering an Enhanced Customer Experience to the Claims Process

Retrieved on: 
Tuesday, November 8, 2022
Professional Services, Data Management, Technology, Other Professional Services, Insurance, Artificial Intelligence, KICO, Industry, Transport, Artificial intelligence, Sure, TA Associates, Insurance, Walking, Policy, Partnership, Nasdaq, KINS, MGA, Efficiency, AI, Solution, SVP, Kingstone Companies, P&C, GI Partners, Life insurance, Kingstone, HDFC ERGO General Insurance Company

Based in New York, Kingstone Insurance Company, a carrier specializing in providing personal lines insurance in the Northeast, will leverage Sure AI Assistant to offer a modernized choice for its policyholders to report claims and improve efficiency during the claims process.

Key Points: 
  • Based in New York, Kingstone Insurance Company, a carrier specializing in providing personal lines insurance in the Northeast, will leverage Sure AI Assistant to offer a modernized choice for its policyholders to report claims and improve efficiency during the claims process.
  • Sure AI Assistant is purpose-built for the P&C insurance industry and transforms the claims filing process making it quick, simple, and effortless.
  • In addition, Sure AI Assistant includes the ability to transfer to a live claims expert at any time for callers who want to speak to a claims specialist.
  • Using Sure AI Assistant, Kingstone will create efficiencies for insurance agents and adjusters, leading to increased policyholder satisfaction and policy retention.

AM Best Downgrades Credit Ratings of Kingstone Insurance Company and Kingstone Companies, Inc.

Retrieved on: 
Friday, August 6, 2021
Finance, Consulting, Banking, Professional Services, Insurance, Growth, Industry, AM Best, ERM, Kingstone Companies, ALL, Revenue stream, KINS, Long-Term Capital Management, Technology, Data, Good, ICR, Credit, Finance, Tail, Fair, News, AM, Insurance, KICO, Security (finance), Risk management, Tobacco

(See below for a detailed listing of Long-Term Issue Credit Ratings (Long-Term IR) and Indicative Credit Ratings).

Key Points: 
  • (See below for a detailed listing of Long-Term Issue Credit Ratings (Long-Term IR) and Indicative Credit Ratings).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Kingstone Insurance Company Successfully Implements insured.io Platform

Retrieved on: 
Wednesday, March 17, 2021
Kingstone Companies, Service companies, UST, Kingstone, General insurance

SACRAMENTO, Calif., March 17, 2021 (GLOBE NEWSWIRE) -- insured.io , a provider of cloud-based, customer engagement solutions for the insurance industry, is pleased to announce that Kingstone Insurance Company (KICO), a subsidiary of Kingstone Companies, Inc. , has successfully implemented the insured.io platform for digital transformation and customer engagement.

Key Points: 
  • SACRAMENTO, Calif., March 17, 2021 (GLOBE NEWSWIRE) -- insured.io , a provider of cloud-based, customer engagement solutions for the insurance industry, is pleased to announce that Kingstone Insurance Company (KICO), a subsidiary of Kingstone Companies, Inc. , has successfully implemented the insured.io platform for digital transformation and customer engagement.
  • With personalization and service standards reaching new heights in insurance as pushed along by other industries, KICO prioritized technology spending.
  • Insured.io accelerates digital transformation for insurance organizations with a 360-degree suite of SaaS solutions built on a modern, cloud-based platform.
  • For more information and to schedule a demo of insured.io, please visit us at https://insured.io , call us at (888) 470-0637, or email us at [email protected]
    Kingstone is a Northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (KICO).

Kingstone Insurance Company Successfully Implements insured.io Platform

Retrieved on: 
Friday, March 12, 2021
Kingstone Companies, Service companies, UST, Kingstone, General insurance

SACRAMENTO, Calif., March 12, 2021 (GLOBE NEWSWIRE) -- insured.io , a provider of cloud-based, customer engagement solutions for the insurance industry, is pleased to announce that Kingstone Insurance Company (KICO), a subsidiary of Kingstone Companies, Inc. , has successfully implemented the insured.io platform for digital transformation and customer engagement.

Key Points: 
  • SACRAMENTO, Calif., March 12, 2021 (GLOBE NEWSWIRE) -- insured.io , a provider of cloud-based, customer engagement solutions for the insurance industry, is pleased to announce that Kingstone Insurance Company (KICO), a subsidiary of Kingstone Companies, Inc. , has successfully implemented the insured.io platform for digital transformation and customer engagement.
  • With personalization and service standards reaching new heights in insurance as pushed along by other industries, KICO prioritized technology spending.
  • Insured.io accelerates digital transformation for insurance organizations with a 360-degree suite of SaaS solutions built on a modern, cloud-based platform.
  • For more information and to schedule a demo of insured.io, please visit us at https://insured.io , call us at (888) 470-0637, or email us at [email protected]
    Kingstone is a Northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (KICO).

Kingstone Insurance Partners with Flyreel to Offer Breakthrough Contactless Home Inspections

Retrieved on: 
Tuesday, February 9, 2021
Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, Software, Hardware, Other Construction & Property, Data management, Residential Building & Real Estate, Kingstone Companies, Kingstone, Service companies, General insurance, Insurance, Financial services, Flyreel, Kingstone Companies, Inc.

Kingstone Companies, Inc. (Nasdaq: KINS), a Northeast regional property and casualty insurance holding company, parent company of Kingstone Insurance, today announced a strategic partnership with Flyreel, Inc., the most advanced Artificial Intelligence (AI) platform for property insurance, to help customers manage risk and prevent loss through AI-assisted inspections.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq: KINS), a Northeast regional property and casualty insurance holding company, parent company of Kingstone Insurance, today announced a strategic partnership with Flyreel, Inc., the most advanced Artificial Intelligence (AI) platform for property insurance, to help customers manage risk and prevent loss through AI-assisted inspections.
  • The unprecedented access to the interior of the home has also raised awareness of potential risks and hazards previously unexposed to Kingstone.
  • Flyreels AI powered-app offers Kingstone a long-term solution for customer-first inspections, said Robert Jacobson, Kingstones Vice President of Operations.
  • Kingstone is a Northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (KICO).

Kingstone Schedules 2020 Third Quarter Financial Results and Conference Call

Retrieved on: 
Tuesday, October 6, 2020
Insurance, Professional services, Kingstone Companies, Kingstone, Insurance, Sampo Group, Companies, Service companies, Service industries

Kingstone Companies, Inc. (Nasdaq:KINS) (the Company or Kingstone), a Northeast regional property and casualty insurance holding company, announced today that it will hold its 2020 Third Quarter financial results conference call for analysts and investors on Monday, November 9, 2020 at 8:30 a.m. Eastern Time.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq:KINS) (the Company or Kingstone), a Northeast regional property and casualty insurance holding company, announced today that it will hold its 2020 Third Quarter financial results conference call for analysts and investors on Monday, November 9, 2020 at 8:30 a.m. Eastern Time.
  • The earnings announcement is scheduled for release shortly after the stock markets close on Friday November 6, 2020.
  • The details of the conference call and webcast are as follows:
    The call will be simultaneously webcast over the internet and can be accessed via the following link fifteen minutes prior to call: Kingstone Q3 2020 Financial Results Conference Call
    The webcast will be archived and accessible for approximately 30 days.
  • Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (KICO).

Kingstone Announces Dismissal of Complaint in Putative Class Action

Retrieved on: 
Tuesday, August 11, 2020
Other Professional Services, Legal, Professional services, Insurance, Insurance, Plaintiff, Kingstone, Kingstone Companies

The Court has permitted plaintiff to amend the complaint to attempt to cure the deficiencies identified by the Court in its opinion (to the extent plaintiff has a good faith basis to do so).

Key Points: 
  • The Court has permitted plaintiff to amend the complaint to attempt to cure the deficiencies identified by the Court in its opinion (to the extent plaintiff has a good faith basis to do so).
  • The amended complaint, if any, would need to be filed by September 11, 2020.
  • Kingstone is a Northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (KICO).
  • Actively writing in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut, Kingstone is also licensed in Pennsylvania, New Hampshire and Maine.

Kingstone Announces Revised Preliminary Results for the Three and Six Month Periods Ended June 30, 2020

Retrieved on: 
Monday, August 3, 2020
Banking, Professional services, Insurance, Finance, Kingstone Companies, Kingstone

Kingstone Companies, Inc. (Nasdaq: KINS) (the Company or Kingstone), a Northeast regional property and casualty insurance holding company, today announced revised preliminary unaudited financial results for the three and six months ended June 30, 2020.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq: KINS) (the Company or Kingstone), a Northeast regional property and casualty insurance holding company, today announced revised preliminary unaudited financial results for the three and six months ended June 30, 2020.
  • The revised preliminary unaudited financial results included in this press release are based on information available as of August 3, 2020 and management's latest review of operations for the second quarter.
  • Further, the Companys preliminary net loss ratio for the three and six months ended June 30, 2020 remains unchanged from the earlier press release.
  • Net operating income1 of $2.5 million, or $0.23 per diluted share, compared to $1.1 million, or $0.10 per diluted share.