A car is submerged in Heng Fa Chuen during Typhoon Mangkhut, which was the strongest on record to hit Hong Kong. Insurance claims related to storms are on the rise in the city. Photo: Sam Tsang

Insurance claims could reach all-time high in 2018 as climate change increases severity of natural disasters

  • Insurance losses from Typhoon Mangkhut, which was not included in Allianz’s report, to cost sector up to US$2 billion in China, Hong Kong and Macau
  • Claims resulting from storm damage in Hong Kong top the list for Allianz
Topic |   Insurance

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A car is submerged in Heng Fa Chuen during Typhoon Mangkhut, which was the strongest on record to hit Hong Kong. Insurance claims related to storms are on the rise in the city. Photo: Sam Tsang
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