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Top News In Hong Kong Wong Tai Today - Breaking & Trending Today

Insurance: 'Once-in-500-years' rainstorm, Typhoon Saola incurred US$244 million of claims, the second- and fourth-highest on record in Hong Kong

Hong Kong’s insurance industry received a total of HK$1.9 billion (US$243.6 million) in claims related to damage caused by a devastating black rainstorm and Typhoon Saola in September, making them the second- and fourth -highest claims on record. ....

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Climate change: BlackRock, HSBC, Hong Kong officials urge firms to seize 'biggest investment opportunity out there'

Businesses should step up their efforts to capture opportunities arising from the climate transition and leverage Hong Kong's position as an international financing centre to fund such projects, according to the city's environment secretary and other conference speakers. "There is an increasing demand for innovative solutions, products and services in various industries . including green finance, the hydrogen economy, biofuels, low-carbon technology, materials, products and services," Secretar ....

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Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M

Hong Kong's heaviest rainstorm since records began in 1884 flooded the financial hub's streets and sent torrents of water rushing through subway stations, ....

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Higher insurance costs ahead, with Saola and Hong Kong's worst black rainstorm expected to generate more claims than Mangkhut's US$395 million in payouts

Hong Kong businesses and vehicle owners might have to put up with higher insurance costs in the future, with claims after torrential rains over the past two weeks likely to top the HK$3.1 billion (US$395 million) paid for damages caused by Typhoon Mangkhut, industry executives said. ....

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