OREANDA-NEWS. January 6, 2011. Ingosstrakh OJSIC paid 6.4 million rubles to an agricultural enterprise located in Atyashevsky district of the Republic of Mordovia as a compensation for the harvest failure.

According to the contract, the harvest of spring wheat “Daria” per 684 hectares has been insured in the amount of 8.5 million rubles.

The insured event was the unprecedented drought that took place in the region last summer. According to the agronomists, such a difficult situation in the crop production of the region can be compared only with the drought of 1972. Agricultural enterprises suffered huge losses. The extent of damage was determined after several examinations. As a result, the event was admitted as the insured, and the agricultural enterprise received a full compensation from Ingosstrakh OJSIC.

The insured crop is the subject of pledge in Mordovian regional branch of Russian Agricultural Bank in accordance with a loan agreement.