The fire has killed at least 94 people, with insurance claims estimated at HK$2.6bn (US$334m), and general property and CAR policies described as "severely underinsured".
Flames have engulfed multiple towers of Wang Fuk Court, prompting the city’s highest fire alarm, and with reports emerging of residents trapped in their homes.
The NFRA has released a draft regulation outlining rules for the asset management business of trust companies, including a proposal to let insurers sell trust asset management products.
