The PICC, People's Insurance Company of China, paid 15 million RMB in advance to the Jiujiang Bridge Management Company, a branch of Guangdong Foshan-Kaiping Expressway Company, to cover part of the loss in the bridge collapse accident.

On June 6, a 200-meter part of Jiujiang Bridge collapsed and fell into water after one of its piers was severely crashed by a sand-laden boat, killing 9 people.

Currently, the repair work of the bridge has begun and the Insurance Company's payment will reduce the bridge management company's funding raising burden. The investigation about the economic loss of the accident is going on, and the PICC promises to follow up the claim settlement.

Editor: Yan