OREANDA-NEWS. December 1, 2010. Ingosstrakh OJSIC has paid RUB 23.3 million to APK Rusich LLC, an agricultural company operating in the Bobrovsky district of the Voronezh region as a compensation for a lost harvest of winter wheat.

The insurance covered a total of 2,606 hectares of winter wheat for a total sum insured of RUB 35.3 million.

The insured event was an air and soil drought that resulted in the damage and destruction of winter crops. Ingosstrakh assessed the losses and paid the total insurance indemnification.

The insured harvest was pledged as collateral to the Voronezh regional branch of Russian Agricultural Bank OJSC for a loan extended by the bank to APK Rusich LLC.