PCIC to assist farmers’ with insured crops

State-run Philippine Crop Insurance Corp. (PCIC) on Monday said that it is ready to respond to claims by insured farmers in Luzon, whose rice and corn crops were damaged by the recent typhoons and southwest monsoon.

PICC, the lone agricultural insurance firm in the country, has assessed damage to insured farms in four regions—including the Cordillera Administrative Region and Region 1 (Ilocos), Region 3 (Central Luzon) and Region 4 (Calabarzon)—and has set aside some P110 million in indemnity for the affected farmers.