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Allianz insurance makes initial payments relating to missing plane

March 20, 2014, Berlin, Ger. - German insurance company Allianz says it has made initial payments in connection with the missing Malaysian Airlines plane.


March 20, 2014
By The Associated Press

Allianz's global head of communication Hugo Kidston confirmed
Wednesday that the Munich-based insurer and "other co-reinsurers of
Malaysia Airlines aviation hull and liability policy have made initial
payments."

 

Kidston said the payments were in line with normal market
practice and contractual obligations when an aircraft is reported as
missing.

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He declined to say how much money
the company had paid already and didn't give any further details on who
exactly received the money.

 

Search crews from 26 countries are
looking for the plane that vanished early March 8 with 239 people aboard
en route from Kuala Lumpur to Beijing.