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Insurance watchdog to oversee Yangtze ship claims

Xinhua, June 2, 2015 Adjust font size:

The China Insurance Regulatory Commission (CIRC) has set up an emergency task force to oversee the many insurance claims that are likely to be made after a ship carrying 458 people capsized in the Yangtze River on Monday night.

Insurance firms should respond efficiently to the emergency and facilitate compensation, the CIRC said.

Twelve of the 458 people had been rescued as of 11 a.m. on Tuesday, with bad weather hampering the ongoing rescue operation, according to the Ministry of Transport.

The China National Tourism Administration has also set up a task force to help with the rescue and provide help to passengers' families.

The ship, named Dongfangzhixing, or Eastern Star, sank at around 9:28 p.m. in the Jianli section of the Yangtze River, according to the Yangtze River navigation administration.

Carrying 406 passengers, five travel agency workers and 47 crew members, Dongfangzhixing was heading from Nanjing, capital of east China's Jiangsu Province, to southwest China's Chongqing city. Endi