secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001401521-24-000087
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

American Coastal renews catastrophe reinsurance; AmCoastal limit up 10%, cost down 8.5%
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- AmCoastal purchased $1.454B occurrence limit (+10% from $1.322B) covering Florida windstorms.
- AmCoastal first event retention rose to $20.5M (AmCoastal $10M + captive $10.5M, vs $2.3M captive previously).
- AmCoastal total program cost $208.2M, down $19.3M (8.5%) from prior year.
- IIC catastrophe limit $82.5M (+1%), aggregate limit $165M (+44.7%); cost $8.2M, down 9.7%.
- AmCoastal placed external 20% quota share with A+ rated unaffiliated reinsurer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000087/0001401521-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000087/uihc-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001401521-24-000087

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