secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001401521-23-000039
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

United Insurance subsidiary ACIC reaches MOU on Hurricane Ian reinsurance allocation
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- ACIC and Florida DFS as UPC receiver entered MOU on April 19, 2023 regarding reinsurance allocation.
- MOU adopts, ratifies, and affirms the existing Reinsurance Allocation Agreement from June 1, 2022.
- Future Hurricane Ian reinsurance recoveries will be paid directly to ACIC; true-up for over-collection.
- Allocation Agreement was approved by Florida OIR on December 5, 2022.
- Agreement clarifies allocation of reinsurance proceeds between ACIC and UPC's receiver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000039/0001401521-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000039/uihc-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001401521-23-000039

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