Hong Kong travellers should be mindful of driving fatigue, unfamiliar road signs and their insurance coverage when going on road trips overseas, experts have warned after two traffic accidents involving city residents in Japan within a week. Ringo Lee Yiu-pui, honorary life president of the Hong Kong China Automobile Association, said on Wednesday that various…
The launch of a marine war-risk pool by Hong Kong insurers is a prime example of how the city’s insurers can collaborate not just for the benefit of the local economy but for the entire nation, an industry veteran has said. At the South China Morning Post’s China Conference, themed “Intelligence at Scale: Hong Kong’s…
The success of Wang Fuk Court residents’ attempt to seek compensation for losses arising from Hong Kong’s deadliest fire in decades will hinge significantly on the findings of the independent committee investigating the disaster as claimants must prove negligence was involved, experts have said. The experts’ comments came after some residents of the Tai Po…
Hong Kong restaurants applying for a licence that allows dogs to enter their premises will have to remove hotpot from their menus or change their eatery layouts to comply with regulations and ensure food and pet safety, authorities have said. The Food and Environmental Hygiene Department (FEHD) also said on Monday that officers would patrol…
Medical claims paid by Hong Kong insurers could double within a decade, a study has warned, raising concerns over the sector’s sustainability. The findings, released on Tuesday, showed total medical claims in the city rose by more than 60 per cent between 2019 and 2023, driven largely by a surge in inpatient bills, especially for…
Hong Kong police have arrested nine people over their alleged involvement in a travel insurance fraud syndicate that staged overseas accidents to claim more than HK$1.7 million (US$217,053). The force said on Thursday it had received a report from the Hong Kong Federation of Insurers in October concerning suspicious travel insurance claims, ranging from “a…
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,…
Hong Kong’s insurance sector is expected to face record claims of HK$2.6 billion (US$334 million) related to the deadly fire in Tai Po, the worst in seven decades that claimed 75 lives and seriously damaged seven buildings, according to industry insiders. The fire would lead to a surge in insurance payments for personal and property…
Hong Kong insurance companies and brokers from Wednesday are barred from paying excessive referral fees to unlicensed individuals, as the city’s insurance regulator bolsters efforts to curb misconduct and enhance customer protection. The city’s Insurance Authority has put a 50 per cent cap on commissions for referral fees in life insurance policies, a move that…
Veteran Hong Kong Cantopop star Jenny Tseng shared online that she had fallen victim to theft recently, losing luxury items such as Louis Vuitton products from her checked luggage. Her case highlights a common concern for many travellers about safety while flying. The Post examines the steps you can take to safeguard your personal belongings…