AMERIND Risk Elects New Board Chair at Joint Annual Meeting

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The membership of AMERIND Risk, the nation’s only 100 percent, tribally-owned insurance company, has elected Greg Borene as the new AMERIND Board of Directors chairman.

Borene, chairman of the Enterprise Rancheria Indian Housing Authority Board of Directors and vice-chairman of the Enterprise Rancheria of the Estom Yumeka Maidu Tribe in Oroville, Calif., was elected during the 2016 Annual Convention and Tradeshow hosted by AMERIND Risk and the National American Indian Housing Council May 8-11 in Hawaii.

Borene replaces Phil Bush, who served two, three-year terms and leaves his post because of term limits. In closing remarks, Bush, a member of the Confederated Tribes of the Chehalis Reservation and executive director of the Modoc Lassen Indian Housing Authority, said AMERIND is a prime example of what tribes can do when creating a Section 17 Corporation and can be accomplished in Indian Country.

Courtesy AMERIND Risk

Greg Borene

“If it is treated as a business, we can compete, we do compete and we are successful,” said Bush, who is also chairman of the Nevada/California Indian Housing Association. “Thirty years ago, no one would have thought AMERIND would be where it’s at today. The financial success we have achieved as an organization is your success as the owners of AMERIND.”

During Bush’s term, the past three years have been most successful in the company’s 30-year history, marked by increases in revenue, tribal clients covered and diversification in product offerings. Customer retention, client growth and homeowner’s education to lower the incidences of preventable fires and related claims were all attributes to that success, according to CEO Derek Valdo, who was hired by Bush and the board in 2012 after a membership mandate to find a Native executive.

“It’s an honor to serve as board chairman and build upon the foundation Chairman Bush set forth,” said Borene, who served as the AMERIND Board of Directors Region 7 representative as an alternative when elected in 2014. Borene began serving full-time on the board in 2015 when the Region 7 representative left his post.

“I look forward to working with the AMERIND executive team and staff to bring innovative products to help, protect and invigorate Indian Country,” said Borene, a U.S. Army veteran, former Realtor and business owner, who has served on the Enterprise Rancheria Indian Housing Authority Board of Directors for the past 10 years, with six of those years as chairman.

During the convention, AMERIND presented the National American Indian Housing Council (NAIHC) a $200,000 check. AMERIND and NAIHC have held a collaborative convention the past few years to aid the organizations in offering extensive training opportunities. AMERIND Risk grew out of a need to provide affordable, accessible insurance coverage to tribal housing authorities when commercial insurance became too costly in 1986. The Santa Ana Pueblo, N.M.-based insurance company celebrates its 30th anniversary this year.

“We give back to Indian associations that help Indian Country,” Valdo said. “We’re more than just an insurance company.”

The next membership meeting is the AMERIND Institute slated for October 4-5, 2016, at the Sandia Resort & Casino at the Sandia Pueblo in New Mexico.

About AMERIND Risk

AMERIND Risk was founded 30 years ago by more than 400 Tribes who united and pooled their resources to create AMERIND Risk to keep money within Indian Country. AMERIND Risk provides employee benefits, and property, liability and workers compensation insurance for Tribes, Tribal governments, Tribal businesses and individual property coverage. In May of 2016, AMERIND launched a new business line AMERIND Critical Infrastructure (ACI) which will help tribes obtain high-speed Internet. It is the only 100% Tribally-owned and operated insurance solutions provider in Indian Country. To learn more about Tribes Protecting Tribes or for an insurance quote, go to AMERINDRisk.org.