American Coastal Insurance Corp. ACIC

What this company does

American Coastal Insurance Corporation provides commercial multi-peril property insurance for residential condominium associations, apartments and assisted living facilities in Florida. On equipment breakdown, identity theft and flood policies, it earns a commission while retaining no risk of loss, since that risk is ceded to other private companies. As of December 31, 2025, it had 68 employees, of which 11 worked in its Claims Department and 10 worked in its Sales and Underwriting Department. It conducts its operations under one reportable operating segment. Its condominium policies are marketed and distributed by AmRisc, an unaffiliated third party that represents 100% of its condominium revenue under an exclusive agreement in Florida, while its apartment and assisted living facility policies are marketed and distributed by Skyway Underwriters through multiple wholesaler partners that represented 100% of that revenue. American Coastal Insurance Corporation was incorporated in Delaware in 2007. On July 10, 2023, it changed its corporate name from United Insurance Holdings Corp. to American Coastal Insurance Corporation.

Written from the business description in AMERICAN COASTAL INSURANCE Corp's annual report to the U.S. Securities and Exchange Commission, filed 9 March 2026. Every sentence was checked against that document before publication.