American Coastal Insurance Corp, founded in 2001 and headquartered in St. Petersburg, Florida, is dedicated to providing homeowners and renters with specialized insurance solutions to protect against natural disasters and other liabilities. The company offers a range of products, including homeowners insurance, flood insurance, and commercial property coverage, specifically designed to meet the unique needs of coastal residents.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
American Coastal Insurance Corp began issuing bonds in 2011 to support its operational expansion and provide additional capital for underwriting. Notable issuances include the 2017 bond offering of $50 million, which funded enhanced risk management strategies and improved claims processing systems. As of 2023, the company’s bonds yield approximately 5.25%, which is competitive within the insurance sector; features like callable options were included in previous bond issuances to provide flexibility for investors. Recent news includes a bond rating upgrade from a major agency, reflecting the company's strengthened financial position amid favorable economic conditions.