Kingstone Companies Inc., a New York-domiciled multi-line property/casualty insurance holding company, today announced that its subsidiary, Kingstone Insurance Company, was granted approval to write P/C insurance in Connecticut from the Connecticut Insurance Department.
In addition to New York, Pennsylvania, and Texas, Connecticut is the fourth state where Kingstone Insurance is authorized as an admitted carrier of P/C insurance, the announcement said.
Kingstone said it expects to continue its expansion into other states, noting that it currently has applications for admission pending in two additional states, each of which share similar catastrophe exposures and opportunities as New York.
“Our admission into Connecticut is another step in our geographic expansion plans, and we look forward to beginning to write competitive products in a neighboring state to our headquarters in New York,” Kingstone Chairman and CEO Barry Goldstein said.
Founded in 1886, with its headquarters in Kingston, New York, Kingstone Insurance is a regional provider of P/C insurance products to individuals and small businesses primarily in New York State. The company distributes its products exclusively through a network of select independent producers.
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