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Kingstone replaces CBIZ CPAs with Deloitte as auditor

August 24, 2026 4:18 PM

Kingstone Companies, Inc. (NASDAQ: KINS) announced it has engaged Deloitte & Touche LLP as its independent registered public accounting firm, replacing CBIZ CPAs P.C., effective August 18, 2026.

The company's Audit Committee approved both the dismissal of CBIZ CPAs and the engagement of Deloitte, citing Deloitte's dedicated insurance practice and depth of resources as factors in the selection. The engagement is subject to the execution of a formal engagement letter. Deloitte will audit the company's consolidated financial statements and internal controls over financial reporting as of December 31, 2026.

CBIZ CPAs had served as Kingstone's auditor since April 8, 2025, when it was appointed following the acquisition of Marcum LLP's attest business by CBIZ CPAs. Marcum had previously resigned on that same date.

The audit report issued by CBIZ CPAs for the fiscal year ended December 31, 2025, did not contain an adverse opinion on the consolidated financial statements. However, CBIZ CPAs issued an adverse attestation report on the effectiveness of the company's internal controls over financial reporting as of December 31, 2025. That adverse attestation was based on a material weakness related to the lack of a Service Organization Control (SOC) 1 Type 2 report for Kingstone's insurance premium quoting platform and its general ledger system.

Kingstone reported no disagreements with CBIZ CPAs on accounting principles, financial statement disclosure, or auditing procedures during the period from April 8, 2025, through August 18, 2026. The company has authorized CBIZ CPAs to respond fully to inquiries from Deloitte.

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