Kingstone downgraded to B- by AM Best amid commercial liability challenges

May 05, 2023

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AM Best has downgraded the financial strength rating (FSR) and long-term issuer credit rating of Kingstone Insurance Company because of continuing adverse development in a commercial liability line placed into run-off.

The ratings agency downgraded Kingstone’s FSR to B- (fair) from B (fair) and its long-term issuer credit rating to bb- (fair) from bb (fair), with a negative outlook.

“The

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Kingstone downgraded to B- by AM Best amid commercial liability challenges

AM Best has downgraded the financial strength rating (FSR) and long-term issuer credit rating of Kingstone Insurance Company because of continuing adverse development in a commercial liability line placed into run-off.

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