secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0001401521-25-000110
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ACIC renews 2025/26 Core CAT program with $1.676B limit, 12.2% risk-adjusted cost decrease
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- Occurrence-based limit increased 3.9% to $1.676B; first event limit up 5.4% to $1.33B.
- Sufficient coverage for approx. 1-in-201-year event; second event retention up to $18.5M.
- Risk-adjusted open market rate decreased 12.2%; max reinstatement premium down 64% to $5.9M.
- Placed external 15% quota share with A+ rated reinsurer; FHCF coverage elected at 90% for Florida.
- First event retention $29.75M (12.6% of equity), with $14M retained by AmCoastal and $15.75M by captive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000110/0001401521-25-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000110/acic-20250529.htm
  HTML page:      https://secwatch.observer/filing/0001401521-25-000110

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