ACIC
American CoastalยทNASDAQ
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ACIC Profile
American Coastal Insurance Corporation
A property and casualty insurance holding company
800 2nd Avenue S., St. Petersburg, Florida 33701
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American Coastal Insurance Corporation is the holding company of United Property & Casualty Insurance Company and its affiliates. Its business is mainly carried out through four wholly-owned subsidiaries. UPC Insurance Company is primarily engaged in homeowners property and casualty insurance business in the United States, currently writing in Florida, South Carolina, Massachusetts and Rhode Island, and recently approved to write in North Carolina, the target market includes some regions where the threat of natural disasters is believed to have caused large national insurance companies to reduce their policy concentration, in which UPC insurance companies have the opportunity to write profitable business, Mainly through complex pricing algorithms, avoiding policy concentration and using a comprehensive catastrophe reinsurance plan to manage its risk of catastrophic losses. UPC Insurance Company has been operating in Florida since 1999 and has successfully managed its business through various hurricanes and other tropical storm events. Its successful risk management record and writing business experience in disaster-exposed areas provide the Company with a competitive advantage in growing its business in other states at risk.
