Bancinsurance Corporation Elects Douglas G. Borror to Board of Directors
July 01 2004 - 9:28AM
PR Newswire (US)
Bancinsurance Corporation Elects Douglas G. Borror to Board of
Directors COLUMBUS, Ohio, July 1 /PRNewswire-FirstCall/ --
Bancinsurance Corporation (NASDAQ:BCIS), a specialty insurance
company, today announced the election of Douglas G. Borror, 48, to
the Board of Directors effective July 1, 2004. His election
increases the Board of Directors to eight and the number of
independent directors to five. Mr. Borror will also serve on the
Board of Directors of Ohio Indemnity, a wholly-owned subsidiary.
"Mr. Borror was selected on the basis of his strong credentials and
the diversity of leadership and experience he brings to our board,"
said Si Sokol, Chairman and Chief Executive Officer. "Specifically,
his extensive business experience and successful management of a
public company will provide a valuable perspective. This board
expansion will provide additional oversight for the continued
focused growth we expect at Bancinsurance Corporation over the
coming years." Mr. Borror has been Chairman of the Board of
Directors of Dominion Homes, Inc. (NASDAQ:DHOM) since 1999 and has
served as its Chief Executive Officer since September 1992. He is
currently on the Board of Directors of Columbia Gas of Ohio, Inc.,
The Huntington National Bank, Capital South Redevelopment
Corporation, The Wellington School, Recreation Unlimited and is a
member of the Board of Trustees of The Ohio State University.
Bancinsurance Corporation, headquartered in Columbus, Ohio, is
principally engaged through its property/casualty insurance
subsidiary, Ohio Indemnity Company, in underwriting specialty
insurance. Lender/dealer insurance products include our Ultimate
Loss Insurance(R), creditor placed insurance and guaranteed auto
protection products. These products protect banks and other lenders
against risk arising from theft or damage to certain loan
collateral where the borrower has failed to secure or maintain
adequate insurance coverage. The Company's unemployment
compensation products are utilized by not-for-profit entities that
elect to not pay the unemployment compensation tax and instead
reimburse the state unemployment agencies for benefits paid by the
agencies to the entities' former employees. The Company also
assumes bail bond coverage. DATASOURCE: Bancinsurance Corporation
CONTACT: John Sokol, President of Bancinsurance Corporation,
+1-614-220-5200
Copyright
Dominion Homes (MM) (NASDAQ:DHOM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dominion Homes (MM) (NASDAQ:DHOM)
Historical Stock Chart
From Jul 2023 to Jul 2024