Kingstone Insurance Company Finishes First In PIA Company Performance Survey
Kingstone Insurance Company (“KICO”) finished first in the 2010 PIA Company Performance Survey. The survey is conducted through voting by the New York State members of the Professional Insurance Agents Association (“PIA”). KICO is a wholly-owned subsidiary of Kingstone Companies, Inc. (“KINS”) (NASDAQ: KINS).
Barry Goldstein, KICO and KINS Chairman, explained that “Each year the PIA surveys its membership, asking them to rate the carriers they do business with. The survey covers twenty different performance categories such as claims, underwriting, agent support, and technology. In 2010, 81 companies were rated along with KICO, including Allstate, Chubb, Progressive, MetLife, Travelers, etc. KICO received the highest rating of all carriers.” Mr. Goldstein continued, “We take great pride in the results. This reflects KICO’s commitment to provide the highest quality of service to its customers.”
KICO, about to enter its 125 th year, prides itself on being consistent and fair. We treat our insureds, producers, employees, reinsurers and vendors with the same respect we expect to receive. KICO continues to expand its lines of business to better serve its producers. We sell only through agents and brokers, and are selective to include only those who have the expertise and knowledge to guide their clients in securing the appropriate coverage.
Forward Looking StatementsStatements 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.
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