secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001401521-23-000014
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Florida court orders liquidation of United Property & Casualty subsidiary; deconsolidation effective Feb 27, 2023
--------------------------------------------------------------------------------

- Circuit Court for Leon County, FL issued consent order on Feb 27, 2023 appointing Florida Dept of Financial Services as receiver for UPC.
- UPC subsidiary will be liquidated and deconsolidated from UIHC financial results effective Feb 27, 2023.
- Pro forma financial statements reflecting disposal of UPC and deconsolidation were previously filed on Feb 10, 2023.
- The order includes an injunction and automatic stay related to the liquidation proceedings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000014/0001401521-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000014/uihc-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001401521-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer