secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001401521-24-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ACIC renews AOP CAT reinsurance with $100M limit; cost down 9.24%, coverage up 70.3%
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- Effective Jan 1, 2024, ACIC renewed AOP CAT providing up to $100M limit excess of $10M per occurrence.
- Cost approx $9.9M, down 9.24% YoY on risk-adjusted basis; retention increased to $12.25M per occurrence.
- Aggregate coverage of $172M for first and second events, up 70.3% YoY (increase of $71M).
- Coverage excludes named windstorms and earthquakes; wholly owned subsidiary UPC Re participates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000003/0001401521-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000003/uihc-20240109.htm
  HTML page:      https://secwatch.observer/filing/0001401521-24-000003

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