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.
Was this article valuable?
Here are more articles you may enjoy.