Insurance payments made for missing 777

BERLIN — German insurance company Allianz said it has made initial payments in connection with the missing Malaysian Airlines Boeing 777.

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.

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.

More in Herald Business Journal

Tulalips break ground on new Quil Ceda Creek Casino Hotel

A 150-room hotel was added to what is now a $140 million complex expected to open in spring 2019.

For modern women, 98-year-old rejection letters still sting

In a stark new video, female Boeing engineers break the silence about past inopportunity.

Angel of the Winds pays $3.4M for Everett arena naming rights

The casino replaces Xfinity as the lead sponsor for the prominent downtown Everett events center.

Teddy, an English bulldog, models Zentek Clothing’s heat regulating dog jacket. (Ian Terry / The Herald)
Everett clothing company keeps your dog cool and stylish

Zentek uses space-age fabrics to moderate the temperature of pets and now humans.

Providence Hospital in Everett at sunset Monday night. Officials Providence St. Joseph Health Ascension Health reportedly are discussing a merger that would create a chain of hospitals, including Providence Regional Medical Center Everett, plus clinics and medical care centers in 26 states spanning both coasts. (Kevin Clark / The Daily Herald)
Merger would make Providence part of health care behemoth

Providence St. Joseph Health and Ascension Health are said to be talking. Swedish would also be affected.

Boeing raises dividend 20%, continues stock buyback program

The manufacturer said it has repurchased $9.2 billion worth of its shares this year.

Trudeau snubs Boeing, unveils plan to buy used Aussie jets

Trudeau will be assessing the impact fighter jet contracts have on his country’s economy.

Everett engineers learn lessons from Mexico City catastrophe

Structural scientists went to help after the September earthquake there and studied the damage.

Value Village sues Washington attorney general over demands

The company said the AG wanted it to tell customers how much of their prices goes to charities.

Most Read