{"schema_version":"secwatch.filing_event.v1","accession":"0001401521-24-000045","form_type":"8-K","ticker":"ACIC","cik":"0001401521","company_name":"AMERICAN COASTAL INSURANCE Corp","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.249743+00:00","generated_at":"2026-06-02T00:35:22.502473+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ACIC agrees to sell subsidiary Interboro Insurance to Forza at equity value; subject to NYDFS approval","bullets":["ACIC to sell 100% of Interboro Insurance Company to Forza Insurance Holdings.","Purchase price equals IIC's GAAP shareholders' equity at closing; no fixed dollar amount given.","Closing conditions include NYDFS approval of Forza's acquisition of control and new rate/form filing.","Concurrent service agreements with SageSure for policy administration and claims services."],"urls":{"canonical":"https://secwatch.observer/filing/0001401521-24-000045","json":"https://secwatch.observer/filing/0001401521-24-000045.json","markdown":"https://secwatch.observer/filing/0001401521-24-000045.md","text":"https://secwatch.observer/filing/0001401521-24-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/uihc-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:35:22.502473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"51a758b0f23721e2f058412065858e749f10bf5e","claim":"AMERICAN COASTAL INSURANCE Corp entered into Administrator Agreement with SageSure Insurance Managers, LLC (effective 2024-05-09).","evidence_excerpt":"In addition, in connection with the Sale Agreement, IIC and SageSure Insurance Managers, LLC entered into a Program Administrator Agreement (the \"Administrator Agreement\"), dated as of May 9, 2024","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"SageSure Insurance Managers, LLC"},{"label":"Effective","value":"2024-05-09"}],"fact_type":"material_agreement"},{"claim_id":"819e88343037367d8f42673281d24e4044bc074a","claim":"AMERICAN COASTAL INSURANCE Corp entered into Claims Agreement with SageSure Capital Holdings, Inc. (effective 2024-05-09).","evidence_excerpt":"IIC entered into a Claims Services Agreement (the \"Claims Agreement\") with SageSure Capital Holdings, Inc., dated as of May 9, 2024","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"SageSure Capital Holdings, Inc."},{"label":"Effective","value":"2024-05-09"}],"fact_type":"material_agreement"},{"claim_id":"9e2496bb49de0cbecd31d104d060789fcb5cbc91","claim":"AMERICAN COASTAL INSURANCE Corp entered into Sale Agreement with Forza Insurance Holdings, LLC (effective 2024-05-09).","evidence_excerpt":"On May 9, 2024, American Coastal Insurance Corporation (“ACIC” or the “Company”) entered into a Stock Purchase Agreement (the \"Sale Agreement\") with Forza Insurance Holdings, LLC (\"Forza\") in which ACIC will sell and Forza will acquire 100% of the issued and outstanding stock of ACIC's subsidiary, Interboro Insurance Company (\"IIC\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Forza Insurance Holdings, LLC"},{"label":"Effective","value":"2024-05-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}