Fire

Hong Kong Fire to Hurt Taiping Insurance Earnings, Fitch Says

Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

The deadly fire that ripped through seven high-rise towers in Hong Kong is expected to result in a surge in near-term claims among insurers, and hit earnings of the complex’s main underwriter, an affiliate of China Taiping Insurance Holdings 0966.HK, an analyst at Fitch Ratings said on Thursday. China Taiping Insurance (Hong Kong) has coverage

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Hong Kong Races to Remove Scaffolding Nets Blamed for Fueling Deadly Fire

Hong Kong Races to Remove Scaffolding Nets Blamed for Fueling Deadly Fire

Hong Kong authorities rushed on Thursday to remove mesh netting on all buildings undergoing renovation across the city after the material was blamed for fanning a blaze last week that has killed at least 159 people. The government late on Wednesday ordered the immediate removal of scaffolding nets on all public and private residential buildings

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Landlords Hit With $21.5M Verdict for Hiring Sex Offender Who Set Tenants on Fire

Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Landlords in Baltimore are being held liable for hiring a convicted sex offender with a violent criminal record who then attacked two tenants and set them on fire, with a jury awarding the victims $21.5 million. The same man murdered a tech CEO just days after attacking April Hurley and Jonte Gilmore in their home

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General average declared after fire on ONE Henry Hudson

Fire being put out on ONE container ship

Around 100 boxes damaged in last month’s blaze, which took five days to extinguish       Related Stories Daily Digest: Cyber insurers primed for growth, Gallagher Re acquires, Santam syndicate approved Daily Digest: Cyber insurers primed for growth, General average declared for ONE Henry Hudson, Santam syndicate approved Gallagher Re acquires Resilea  

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Hong Kong’s Deadliest Fire in Decades Followed a Year of Safety Complaints

Hong Kong’s Deadliest Fire in Decades Followed a Year of Safety Complaints

Residents of the housing complex that was engulfed in Hong Kong’s deadliest blaze in seven decades were told by authorities last year that they faced “relatively low fire risks” after complaining repeatedly about fire hazards posed by ongoing renovation works, the city’s Labour Department told Reuters. People living at Wang Fuk Court in northern Hong

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Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 people, with nearly 300 missing. The tightly packed Wang Fuk Court in the Asian financial

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