Pomerantz LLP

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Kingstone Companies, Inc.

We are investigating Kingstone Companies, Inc. (KINS) (“Kingstone” or the “Company”) for potential violations of the federal securities laws. 

On April 29, 2019, Kingstone disclosed a $2.5 million charge to its claims case reserves and a $2.5 million charge to its incurred but not reported (“IBNR”) reserves, based on a “comprehensive review of [the Company’s] claims operations.”  As a result of the charges, Kingstone “expects to end the full year with a combined ratio excluding catastrophe losses of 88% to 91% and catastrophe losses of 4 to 5 points.”  On this news, Kingstone’s stock price fell $2.07 per share, or 15.13%, to close at $11.61 per share on April 30, 2019.