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American Coastal Insurance Corporation Renews Catastrophe Excess of Loss Agreement
Jan 07, 2026•5 months ago
Contract Type
insurance_agreement
St. PetersburgInsurance
Description
American Coastal Insurance Corporation successfully renewed its all other perils catastrophe excess of loss agreement effective January 1, 2026. The agreement provides a coverage limit of up to $95.6 million, aimed at mitigating losses from various catastrophe events. The company's retention is set at $10.0 million per occurrence, and the cost of the agreement is approximately $11.4 million. This renewal is crucial for managing risks in their insurance portfolio.
Company Information
Company
American Coastal Insurance Corporation
Location
St. Petersburg, Florida, United States
About
American Coastal Insurance Corporation® (ACIC) is a publicly traded holding company (Nasdaq: ACIC) founded in 2007 that underwrites commercial residential property and casualty insurance policies in the United States through its wholly owned insurance subsidiary, American Coastal Insurance Company (AmCoastal).
St. PetersburgInsurance