American Coastal's 25% Market Share in Florida Condo Insurance Creates Single-State Catastrophic Risk
American Coastal Insurance Corporation holds 4,300 of Florida's 17,000 eligible condominium associations, concentrating a quarter of its book in the nation's most hurricane-exposed state. CEO Brad Martz presides over an 18-year profit streak built on geographic concentration that amplifies exposure to Florida regulatory changes and catastrophic weather events.
ViaNews Editorial Team (Finance)•