ACIC

American Coastal Insurance Corporation operates as a property and casualty insurance company specializing in homeowners insurance in coastal regions of the United States. Headquartered in St. Petersburg, Florida, ACIC focuses primarily on providing residential property insurance coverage in hurricane-prone areas, with significant operations concentrated in Florida, Texas, and other Gulf Coast states. The company underwrites policies for single-family homes, condominiums, and dwelling fire insurance, serving customers in markets where traditional insurers have reduced their exposure due to catastrophic weather risks. ACIC employs approximately 450 people and operates through a network of independent agents and direct distribution channels. The company maintains its market position by leveraging proprietary risk assessment technology and catastrophe modeling systems to evaluate and price coastal property risks. ACIC utilizes extensive reinsurance programs to manage its exposure to major hurricane events and maintain capital adequacy. In recent years, the company has implemented rate increases across its portfolio in response to rising reinsurance costs and increased frequency of severe weather events. The insurer holds licenses to operate in twelve states and maintains surplus lines capabilities in additional jurisdictions. ACIC's business model emphasizes disciplined underwriting practices, geographic diversification within coastal markets, and active claims management to maintain profitability in a challenging risk environment.