Damaged boats at Hong Kong Yacht Club in Causeway Bay. Photo: Handout
Damaged boats at Hong Kong Yacht Club in Causeway Bay. Photo: Handout

Typhoon Mangkhut bill could set Hong Kong record of US$1 billion in insurance claims

Economist says people and companies might evaluate durability of their properties or facilities, which will end up driving up costs and spending

Damaged boats at Hong Kong Yacht Club in Causeway Bay. Photo: Handout
Damaged boats at Hong Kong Yacht Club in Causeway Bay. Photo: Handout
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