Lloyd's of London says its paying airline claims

AP News
Posted: Mar 26, 2014 11:20 AM

LONDON (AP) — Lloyd's of London, the world's oldest insurance market, says it has already begun paying out claims over the loss of Malaysian Airlines Flight 370, even as searchers continue to scour the Indian Ocean for wreckage.

Its chairman, John Nelson, says Wednesday that it's too early to speculate about the cost of the disaster and that the final bill will depend on what actually happened to the plane.

Flight 370 was en route from Kuala Lumpur to Beijing when it vanished March 8 with 239 people aboard. The Malaysian government says satellite data indicates the plane crashed into the Indian Ocean.

Nelson noted that it took two to three years to sort out what led to the crash of an Air France plane in 2009.