American Coastal
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Shares gained after Hurricane Milton did less damage than anticipated. -
Milton threatens to make landfall in Florida shortly after Helene.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
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The Insurance Insider US news team runs you through the earnings results for the day.
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AmCoastal also cut its board down to five members, including two new appointments.
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The company plans to reduce its quota share to 20% from 40%.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The closing of the Interboro sell-off was postponed to nearer the end of the year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The transfer is intended to allow Brad Martz to “focus on his position as president of American Coastal,” the company said in a regulatory filing.
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The agreement provides coverage for in-force, new and renewal business, with up to $100mn of limit excess of $10mn per occurrence.
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A non-binding term sheet was signed on October 6, whereby the buyer will acquire 100% of Interboro’s issued and outstanding securities in exchange for cash.
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