American Coastal Insurance Co. News

After UPC Insolvency, Parent Company Rebrands to American Coastal Insurance

Six months after its namesake insurance carrier was deemed insolvent, United Insurance Holdings is rebranding itself in the name of its surviving insurer, as American Coastal Insurance Corp. The St. Petersburg, Florida-based holding company for now-defunct United Property & Casualty …

No Appraisal on Hail Damage When Coverage Is in Question, Appeals Court Says

A property insurer has, for now, dodged an $18 million bullet on hail damage coverage for a South Florida condominium complex, after a state appeals court ruled partly in the carrier’s favor. In American Coastal Insurance Co. vs. Hanson’s Landing …

UPC Insurance, American Coastal Complete Merger

United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, announced April 3 it has received all necessary regulatory approvals, met all other closing conditions and successfully completed its merger with American Coastal Insurance Co. The acquisition …

Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement

United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American Coastal), to combine the companies in an …

BB&T Ups Stake in AmRisc Agency, Divests Insurer American Coastal

Raleigh, North Carolina-based insurance broker BB&T Insurance Holdings Inc. has reached an agreement to significantly increase its partnership interest in AmRisc, a managing general underwriter for commercial property risks based in In a related agreement, its parent, BB&T Corp., has …