Search
 

Malaysia Airlines Begins Insurance Payouts to Families

Malaysia Airlines has begun giving out $50,000 in advance insurance payments to the families of the 239 people aboard missing Flight 370, reports ABC News.

By Caterina Pontoriero | Updated on June 13, 2014
A couple whose son was onboard the missing Malaysia Airlines Flight 370 cry outside the airlines' office building in Beijing, China. (AP Photo/Andy Wong)

Malaysia Airlines has begun giving out $50,000 in advance insurance payments to the families of the 239 people aboard missing Flight 370, reports ABC News. Malaysian Deputy Foreign Minister Hamzah Zainuddin says full payout will come after the plane is found or officially declared lost.

ABC News reports thats many Chinese relatives have indicated they will reject the initial payout. According to Steve Wang, a spokesperson for some of the relatives, the families of 127 Chinese passengers will reject the payment in part because they think Malaysia Airlines should provide economic assistance while the search continues.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.