Around 85 per cent of insurance claims for damage caused by Hong Kong’s deadliest fire in decades have been settled, with nearly HK$510 million (US$65.3 million) paid out in total, the industry’s regulator has said. The Insurance Authority said on Tuesday that firms had settled 1,032 claims related to the Tai Po blaze that broke out last November, accounting for around 85 per cent of them. “The [authority] is aware that a majority of claims have been successfully settled based on the principle...