Kingstone profits climb to $1.5mn

Recently-upgraded US regional insurer Kingstone saw profits more
than triple to $1.5mn in the first quarter.
The increase in operating profits was driven by an 11.7 point
improvement in the carrier's combined ratio, which fell to 85.2
percent.
The Kingston, New York-based carrier said the reduction was the
effect of a milder winter than in the previous year.
Gross written premiums climbed by 13 percent to $26.1mn in the
quarter.
Last month, AM Best upgraded Kingstone's financial strength
rating