Kingstone confident on AM Best upgrade

Kingstone Companies CEO Barry Goldstein says he is confident the
New York-based insurer can secure an A rating from AM Best
following a capital raise.
The carrier is also seeking to reduce its dependence on
reinsurance by halving an existing 40 percent quota share when it
renews this summer.
Speaking on the insurer's fourth quarter earnings call,
Goldstein said an upgrade from its B++ financial strength rating
would open doors that had previously been closed to the
company.
He said...