American Coastal gains 22% following preliminary cat loss disclosure
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American Coastal gains 22% following preliminary cat loss disclosure

The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.

By Caroline Ryan
October 24, 2024
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The share price of Floridian insurer American Coastal gained more than 20% following a preliminary announcement regarding the company’s losses from hurricanes Helene and Milton on Wednesday.

As

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Topics

NewsStocksFloridaAmerican CoastalCatastrophe losses
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