Around 85 per cent of insurance claims for damages caused by Hong Kong’s deadliest fire in decades have been settled, with the amount paid out totalling almost HK$510 million (US$65.3 million).
The city’s Insurance Authority said on Tuesday that insurers had settled 1,032 claims related to the Tai Po fire that broke out last November, accounting for around 85 per cent of such claims.
“The [authority] is aware that a majority of claims have been successfully settled based on the principle of…