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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: The Big Story: A look at the Toa Payoh flat fire - What caused it? And does insurance cover the damages?
Description: On July 29, 2025, a fire broke out in a 10th-floor unit at Block 229 Lorong 8 Toa Payoh, spreading quickly to the unit above and sending shockwaves through the quiet residential neighborhood.Seven people, including a child and a firefighter, were hospitalized. Dozens more were evacuated as smoke engulfed the building. For one family, the fire consumed nearly everything they owned — and for others, the long path to recovery is only just beginning. So what happened? And what kind of insurance coverage applies in a situation like this? On The Big Story, Hongbin Jeong spea...