Indemnity claims from drought to reach P103M
The Philippine Crop Insurance Corp. (PCIC) expects to pay almost P103 million for damage and losses in Western Visayas by next month due to the El Niño.
The Philippine News Agency, quoting PCIC insurance underwriter Jose Ma. Torres, reported that 15,990 farmers in an area of 15,539.52 hectares are estimated to have suffered from the dry spell in the region.
“This is the biggest indemnity claims to be paid by PCIC throughout Western Visayas,” he said.
PCIC paid 3,532 farmers in Negros Occidental P20.76 million in indemnity claims between January and May this year.
The claims affected by dry spell and pest infestation covered an area of 3,879 hectares.
A total of P4.51 million was granted to 557 rice farmers due to production losses caused by the prolonged dry weather associated with El Niño.