Allianz takes $30 million hit on Malaysia Airlines planeReprints
Allianz S.E. has said it has taken a hit of $30 million on Malaysia Airlines Flight 370, which disappeared in March, Reuters reported.
The insurer's CFO Dieter Wemmer said total insured loss on the aircraft is about $350 million. Mr. Wemmer said the amount is higher than original estimates as costs related to searching for the aircraft have to be added to the loss, Reuters reports.