American Coastal Insurance Corp. (ACIC)

Profile

https://www.amcoastal.com

American Coastal Insurance Corp. is a publicly traded holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly owned insurance subsidiary, American Coastal Insurance Company. The company specializes in providing coverage for condominium associations, homeowner associations, and apartment properties, primarily in catastrophe-prone areas such as Florida where national carriers have reduced their presence. It targets markets with high perceived natural catastrophe risks, employing sophisticated pricing algorithms, policy concentration avoidance, and a comprehensive catastrophe reinsurance program featuring reinsurers rated A- or better and the Florida Hurricane Catastrophe Fund. Partnerships with managing general agents like AmRisc Group and Skyway Underwriters enable specialized underwriting for hurricane-exposed properties. Founded in 2007 and headquartered in Florida, American Coastal Insurance Corp. plays a key role in the voluntary market for commercial residential insurance, recognized for its financial stability by rating agencies like Demotech and KBRA.