THE Department of Finance has made available a P1-billion insurance fund that would enable 25 disaster-prone provinces to act faster and better respond to the devastating impact of natural calamities, a spokesman said.
In a statement on Monday, Finance Assistant Secretary Paola Alvarez said the fund was under the government’s Parametric Insurance Pilot project.
Alvarez said the government has identified the 25 disatser-prone provinces below:
Davao del Sur
Surigao del Norte
Surigao del Sur
Zambales. MAYVELIN U. CARABALLO