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Thursday, November 26, 2009, 1:07AM ET - U.S. Markets Closed for Thanksgiving Day. Dow Up 0.29% Nasdaq Up 0.32%
Bancinsurance Corp. (BCIS.OB)On Nov 25: 6.00  Up 0.10 (1.69%)  
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Bancinsurance Corp.
250 East Broad Street
7th Floor
Columbus, OH 43215
United States - Map
Phone: 614-220-5200
Fax: 614-228-5552
Web Site: http://www.bancinsurance.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Property & Casualty Insurance
Full Time Employees:36

BUSINESS SUMMARY 
Bancinsurance Corporation, an insurance holding company, engages in underwriting specialized property/casualty insurance products in the United States. It offers lender service products, including ultimate loss insurance, a blanket vendor single interest coverage for lending institutions, such as banks, savings and loan associations, credit unions, automobile dealers, and finance companies; and creditor placed insurance that covers an automobile lender’s loan portfolio through tracking individual borrower’s insurance coverage. The company’s lender service products also comprise guaranteed auto protection insurance for lenders, lessors, and auto dealers; and equipment physical damage insurance that covers agricultural, construction, and commercial equipment vehicles. It also provides unemployment compensation products for entities that are qualified to elect not to pay unemployment compensation taxes and instead reimburse state unemployment agencies for benefits paid by the agencies to the entities’ former employees. In addition, the company offers waste industry products, which consist of waste, contract, and escrow surety bonds produced and administered by a general insurance agent. Additionally, it operates an agency for placing and servicing property/casualty insurance policies offered and underwritten by property/casualty insurance companies, as well as provides vehicle service contract programs. Bancinsurance Corporation sells its insurance products through multiple distribution channels comprising managing general agents, independent agents, and direct sales. The company was founded in 1970 and is headquartered in Columbus, Ohio.
Key Statistics

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    CORPORATE GOVERNANCE 
    Bancinsurance Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 43.2% of CGQ Universe companies and 21.8% of Insurance companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. John S. Sokol , 46
    Exec. Chairman, Chief Exec. Officer, Pres and Chairman of Exec. Committee
    N/A N/A
    Mr. Matthew C. Nolan CPA, 34
    Chief Financial Officer, Principal Accounting Officer, VP, Sec., Treasurer, Chief Financial Officer of ALPC, Chief Financial Officer of Ohio Indemnity, Sec. of ALPC, Sec. of Ohio Indemnity, Treasurer of ALPC, Treasurer of Ohio Indemnity of ALPC
    N/A N/A
    Mr. Daniel J. Stephan , 48
    Pres of OIC Lender Services
    N/A N/A
    Mr. Stephen G. Wolf , 56
    Pres of American Legal Publishing of American Legal Publishing
    N/A N/A
    Mr. Stephen J. Toth , 45
    VP of Specialty Products, Ohio Indemnity
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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