CHINA TAIPING(HK:00966) Guo Ji Jin Rong Bao·2025-11-27 12:15Core Viewpoint - The fire incident at Wangfuk Court in Tai Po, Hong Kong, resulted in 55 fatalities, prompting a significant response from insurance companies to manage claims and support affected residents [2][9]. Group 1: Incident Overview - A five-alarm fire occurred at multiple residential buildings in Wangfuk Court, resulting in 55 casualties [2]. - The Hong Kong government reported that the maintenance work at Wangfuk Court was managed by the owners' corporation and supervised by an independent review team [1]. Group 2: Insurance Response - China Taiping Insurance (Hong Kong) has activated its emergency mechanism to handle claims related to the fire, emphasizing a commitment to prompt and fair compensation [9]. - The insurance coverage includes construction all-risk insurance, employee compensation insurance, third-party liability insurance, and property insurance for the owners' corporation [9]. - The total insurance premium for the coverage provided by China Taiping Insurance is approximately HKD 337,700 for a two-year period [8]. Group 3: Industry Actions - Multiple insurance companies, including China Life Overseas and Ping An, have initiated emergency response plans to streamline claims processes and provide support to affected clients [10][11]. - The Hong Kong Insurance Authority has formed a dedicated task force to coordinate the insurance industry's response to the fire incident and ensure adequate resources are allocated for claims processing [9].