OREANDA-NEWS. January 27, 2011. Ingosstrakh OJSIC paid 1.2 mln rubles to Production and Commercial Firm "AGRO KViS" LLC, located in the district of Semiluki of the Voronezh Region, in relation with the partial loss of winter wheat.

Winter wheat crops with the total area of 413 hectares have been insured against the loss of crop for a sum of 4.3 mln rubles.

The loss occurred because of the drought of the past summer. The abnormal hot and droughty weather has caused the crop damage on all the cultivated areas of all the regions of the Voronezh Region. The district of Semiluki has the minor but substantial damage. To determinate the amount of the damage caused by the drought to Production and Commercial Firm "AGRO KViS" LLC the expertise has been required to reveal the insurance event, hence Ingosstrakh OJSIC has paid the insurance compensation to the company.

The insured harvest is the subject of pledge of the Voronezh regional branch of Rosselkhozbank JSC under the credit received.