Hong Kong sees heaviest rainfall on record overnight as HKO issues black rain signal
September 8 2023 by Andrew Tjaardstra
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Hong Kong’s drainage improvements allowed city to bounce back after historic rainstorm: Guy Carpenter
- September 20
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
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Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
- September 15
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
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Record rains add ‘further pressure’ on Hong Kong’s reinsurance renewals: AM Best
- September 13
The impact of the black rainstorm is likely to be more of an earnings event for the market, rather than a material hit to capital adequacy, the rating agency noted.
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Claims from Typhoon Saola and black rain event of ‘large scale and continue to escalate’: HKIA
- September 12
The two storms have caused significant motor and property losses, with the regulator urging insurers to make adequate resources available to settle claims.
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