Homeowners of America Insurance Company Announces New Chief Financial Officer

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Seasoned Financial Executive Richard B. Runyan Joins HOAIC

Homeowners of America Insurance Company (HOAIC), a property and casualty insurance provider, is pleased to announce that Richard B. Runyan has joined the company as its new Chief Financial Officer (CFO), effective March 16, 2020.

Runyan will lead HOAIC’s financial operations and investor relations and will report directly to Spence Tucker, President and CEO of HOAIC. “We’re delighted to have Rich join the Homeowners of America team,” said Tucker. “His extensive background in the financial sector of property and casualty insurance will help elevate the company to its next level.”

Runyan joins HOAIC from Centauri Insurance Group where he was CFO, and brings with him more than 30 years of financial management experience with half of that time spent in the insurance industry. He has an extensive background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management.

Prior to his most recent position at Centauri Insurance Group, Runyan was Vice President and Controller at Geovera Holdings, Inc. In addition to that position, he’s also held various titles such as Corporate Controller, Director of Accounting, and Division Controller at prior companies. He received his bachelor’s degree in business administration from Wichita State University and is a Certified Public Accountant as well as a Certified Management Accountant.

Runyan will be based at HOAIC’s corporate office in Irving, Texas.

About Homeowners of America Insurance Company

Homeowners of America Insurance Company (HOAIC) is based in Irving, Texas. The company provides property and casualty insurance in Texas, Arizona, Virginia, South Carolina, Georgia and North Carolina and insures over 180,000 homes. HOAIC has been assigned a Financial Stability Rating of A, Exceptional by Demotech, Inc. For more information, visit https://hoaic.com.

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Melissa Kelley
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