secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001401521-25-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ACIC renews AOP CAT reinsurance with lower costs and attachment point; adds CAT Agg
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- Renewed AOP CAT effective Jan 1, 2025: $90M limit excess of $10M attachment point (down $4M from $14M YoY).
- AOP CAT cost ~$11.9M, risk-adjusted -8% YoY; aggregate coverage $176.4M for two events, +2.6% YoY.
- New CAT Agg agreement: $40M aggregate limit (with $20M per occurrence cap) excess of $40M deductible, cost ~$6.6M.
- Consolidated retention $9.8M per occurrence via Shoreline Re participation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000003/0001401521-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000003/uihc-20250107.htm
  HTML page:      https://secwatch.observer/filing/0001401521-25-000003

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