85% of insurance claims related to Tai Po fire settled, totalling HK$510 million

AI Summary
As of Tuesday, approximately 85% of insurance claims related to the Tai Po fire in Hong Kong last November have been settled, totaling HK$510 million (US$65.3 million). The Insurance Authority reported that 1,032 claims have been resolved out of those filed after the fire at Wang Fuk Court, which killed 168 people and displaced nearly 5,000 residents. The majority of the settled claims, 863, were general claims valued at HK$450 million, representing 84% of all claims in that category. The Insurance Authority is actively monitoring the remaining claims, which require on-site inspections and damage assessments, and is working with the Hong Kong Federation of Insurers to ensure fair treatment of customers.
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