Malaysia Airlines Flight 370 and replaced it with Flight 318 (MH318) beginning 14 March. This follows a common practice among airlines to rename flights following notorious accidents. The flight—Malaysia Airline's second daily flight to Beijing—was later suspended beginning 2 May; according to insiders, this was due to lack of demand. Malaysia Airlines was given US$110 million from insurers in March 2014 to cover initial payments to passengers' families and the search effort. In May, remarks from lead reinsurer of the flight, Allianz, indicated the insured market loss on Flight 370, including the search, was about US$350 million. At the time of Flight 370's disappearance,
Search for Malaysia Airlines Flight 370 last contact with ATC was later corrected to 1:19; Malaysia Airlines was notified at 2:40. The watch supervisor at Kuala Lumpur Area Control Centre—which was the air traffic control centre that was last in contact with Flight 370—activated the Kuala Lumpur Aeronautical Rescue Coordination Centre (ARCC) at 05:30, over four hours after communication was lost with Flight 370. When Malaysia Airlines issued a media statement two hours later, they claimed that they were "working with the authorities who have activated their Search and Rescue team to locate the aircraft". On 9 March, the Chief General of the Royal Malaysian Air