Around 85% of claims from the Wang Fuk Court fire have been settled, involving nearly $510 million. General insurance claims (84% settled, $450 million) and long-term insurance claims (90% settled, $60 million). The Insurance Authority is monitoring the progress and ensuring fair treatment of customers.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SPOTLIGHT ON
FAMILY OFFICES
As of 3 February 2026, approximately 85% of the claims resulting from the fire at Wang Fuk Court have been settled.
The Insurance Authority ("IA") has been diligently coordinating efforts with insurers to assist affected individuals and to monitor the progress of claims. To date, 1,032 claims have been processed, with a total value of around $510 million.
Among the 1,030 general insurance claims, 863 (84%) have been settled, representing approximately $450 million. For long-term insurance claims, 169 (90%) of the 188 claims have been settled, with a total value of approximately $60 million.
Mr. Clement Cheung, the Chief Executive Officer of the IA, reported that most claims have been settled fairly, and remaining claims require on-site inspections. The IA will continue to actively follow up with the Hong Kong Federation of Insurers.
View the full article:Source
