PCIC vows speedy release of crop insurance claims after ‘Ompong’ » Manila Bulletin News

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PCIC vows speedy release of crop insurance claims after ‘Ompong’

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By Ellalyn de Vera-Ruiz

Farmers adversely affected by typhoon “Ompong” (Mangkhut) can expect a speedy release of insurance money assistance from the government.

This was the assurance given by Philippine Crop Insurance Corporation (PCIC) President Jovy Bernabe in the corporation’s preliminary report submitted to Department of Agriculture (DA) Secretary Manny Piñol.

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PCIC is an attached agency of the DA tasked to provide affordable and accessible agricultural insurance on crops and other agricultural products.

“We will speed up the adjustment/inspection of the farms and process the claims immediately,” Bernabe said.

“Our regional offices are now functioning 24 hours daily to ensure non-stop processing of the huge number of claims and Financial documents,” he added.

PCIC estimates that it will pay a total of P1.65 billion worth of insurance to 262,057 farmers.

These farmers planted rice, corn and high-value crops in the six regions affected by Ompong.

Cagayan Valley, which was the worst-hit region, was allocated P585 million, followed by Ilocos Region with P510 million.

“We have allocated sufficient funds to help farmers recover their investment after Ompong damaged their farm lands,” Bernabe said.

“It’s important that we give timely assistance so farmers can replant quickly so they can bounce back from their losses more easily and that we will have a stable food supply,” he added.

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