Market loss from Flight MH370 could reach $350m

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Allianz has revealed the total claims cost for missing Malaysia Airlines flight MH370 could be as much as $350m (£208m).

The German company is the lead insurer insuring 9% of the total claim.

Allianz's chief financial officer Dieter Wemmer confirmed this week the total insured loss for the plane could be around $350m as

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