Dongbu Celebrates Anniversary in Hawaii
Hawaii Gov. Linda Lingle met with CEO Soon Hwan Kim of Dongbu Insurance Co. Ltd. this week today to celebrate its first year of operations in the state. Dongbu is the first “alien insurer” licensed in
another country to use Hawaii as a Port of Entry to conduct insurance business in the United States, according to the Hawaii Department of Commerce and Consumer Affairs Insurance Division.
According to Lingle, Dongbu has been a welcome addition to the homeowners and automobile insurance markets in Hawaii. In particular, Dongbu provided homeowners and wind coverage a year ago, when some homeowners were having difficulty finding coverage.
Dongbu is the third largest non-life insurer in Korea, and a member of Dongbu Group conglomerate.
Source: DOI
Popular Today
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- California Sees Two More Property Insurers Withdraw From Market
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- DraftKings Sued Over ‘Risk-Free’ Bets That Were Anything But
Popular This Month
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit