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IA: P&C Policies Related to Wang Fuk Court Fire ~1,800; Compensation Amt Fluctuates Rapidly, May Not Yet Peak
2025-12-08 17:45:08 After attending an event, Clement Cheung, Chief Executive Officer of the Insurance Authority of Hong Kong (IA), said that, there are approx. 1,800 P&C policies related to the Wang Fuk Court fire, and 10,000 life insurance policies, provided by about 35 insurers. Due to the rapid change in the number of compensations, the distribution of pension and the number of people contacted, it is believed that the peak period has not yet been reached, Cheung added. Specific figures will be announced once the situation stabilizes. ~ AASTOCKS Financial News Website: www.aastocks.com | |