Warren, N.J. — The Chubb Group of Insurance Cos. has granted a personal insurance agency appointment to Solomon Agency Corp. to help serve the Korean-American community in the New York metropolitan region. This is Chubb’s first appointment of a Korean-American agency in the region.
Nearly 2.2 million ethnic Koreans were living in the United States in 2003, according to the South Korean government. The U.S. Census found that Korean-Americans, on average, record higher income levels compared to the overall population. Korean-Americans owned 158,000 businesses with total revenues of $46.9 billion in 2002.
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