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The devastating fire in Tai Po is likely to hurt profitability at Hong Kong’s property insurers and could prompt them to review pricing strategies that have led to lower premiums amid fierce competition, according to S&P Global Ratings. “Claim losses from last week’s fire at Wang Fuk Court in Tai Po will further erode the sector’s underwriting margins,” said Emily Yi Chang Yoon, credit analyst at S&P, in a report. The city’s property and casualty insurance companies already faced thinner… Source link India 116 extra coaches in 37 premium… Wife repeatedly threatening… Chander Kunj Army Towers resident… Forest Dept…

Yayuk Setyawati tried desperately to contact her sister when she learned the Hong Kong housing estate where her sibling lived and worked had caught fire on November 26. Her messages went unanswered. It took four days before a DNA test confirmed that her sister, a foreign domestic worker, had lost her life in the blaze at Wang Fuk Court. The bodies of Sri Wahyuni and the elderly woman she cared for were found in the same room. In an interview with the Post, Yayuk, who is also a domestic worker in… Source link India 116 extra coaches in 37…