OREANDA-NEWS. February 24, 2011. Ingosstrakh OJSIC has paid 3.9 million rubles agricultural producer Progress APC, located in Samara region, in connection with harvest failure.

Under the contract, the harvest of winter crops on the total area of 3,871 hectares (winter rye – 1,903 hectares, winter wheat – 1,968 hectares) was insured against loss or partial loss for an overall amount of 12.7 million rubles.

Insurance event was the adverse weather conditions last summer, which led to partial loss of crop yields. In total, agricultural enterprises-clients of Ingosstrakh OJSIC in Samara region laid damage under 18 agricultural insurance contracts in 2010. In most cases, these damages were caused by a summer drought. Currently insurance indemnities have been settled and paid under 15 contracts. The total amount of payments has already reached 22 million rubles.