3 February 2026
After the Wang Fuk Court fire, the Insurance Authority (IA) has dedicated full efforts in coordinating insurers to provide assistance for affected individuals and in closely monitoring the progress of claims processing. Up to now, the processing of 1,032 claims (85%) has already been completed that involve almost $510 million.
Of the 1,030 general insurance claims, 863 (84%) have been settled that involve about $450 million; of the 188 long term insurance claims, 169 (90%) have been settled that involve about $60 million.
Mr Clement Cheung, Chief Executive Officer of the IA, said, “The IA is aware that a majority of claims have been successfully settled based on the principle of treating customers fairly, and the remaining claims call for on-site inspections and damage assessments. We will continue to follow up actively with the Hong Kong Federation of Insurers.”
Ends