Thieler Law Corp advises investors with losses exceeding $100,000 of the August 11, 2019 lead plaintiff deadline in a class action lawsuit filed against Kingstone Companies Inc (NASDAQ: KINS) (“Kingstone” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Kingstone Companies Inc securities between March 14, 2018 and April 29, 2019, have until August 11, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Kingstone Companies Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Kingstone did not adequately follow industry best practices related to claims handling; as a result, the Company did not record sufficient claims reserves; the Company lacked adequate internal control over financial reporting; and defendants’ positive statements about Kingstone’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On April 29, 2019, the Company revealed 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."

Following this news, NASDAQ: KINS fell $2.07 per share, or 15.13%, to close at $11.61 per share on April 30, 2019.

If you were negatively impacted by your investment in Kingstone Companies Inc securities between March 14, 2018 and April 29, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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