ACIC

American Coastal Insurance Corporation (NASDAQ:ACIC) is a property and casualty insurance holding company founded in 1999 and headquartered in Saint Petersburg, Florida. Originally known as United Insurance Holdings Corp., the company changed its name to American Coastal Insurance Corporation in August 2023. The company has undergone significant strategic transformation over the past few years, transitioning from a multi-line insurer operating in multiple states to focusing primarily on commercial residential property insurance in Florida. Following substantial losses from Hurricane Ian in 2022 and the subsequent receivership of its personal lines subsidiary, American Coastal has emerged as a more focused and financially stable organization centered on its profitable commercial lines business.