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.
As an appointed agency, Solomon can sell Chubb’s Masterpiece line of personal insurance products to its clients. Solomon also provides Chubb products to its commercial customers.
“Working with Solomon allows Chubb to offer quality insurance products and services to a community that is growing in size, affluence and influence,” says James Romanelli, SVP of Chubb & Son and Long Island branch manager. “This fits in well with Chubb’s desire to reach out to a more diverse group of customers.”
“Being the first Korean-American agency in the region to be able to offer Chubb's Masterpiece personal insurance coverages is a testament to our success as an insurance agency and as a member of the Asian business community,” says Yong Hwa Ha, president of Solomon Agency. “America, the land of opportunity, certainly has offered the same blessings to the Asian communities. Through hard work and education, we have created a new surge of wealth, which highly respected and smart companies such as Chubb are beginning to notice."
Source: The Chubb Group of Insurance Cos.
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