OREANDA-NEWS. January 13, 2012. In Novosibirsk Ingosstrakh Insurance Company effected payment in the amount of 3.6 mln. rubles due to damaged spring wheat crops owned by Priozernoe LLC. The farm unit is located in Zdvinsky district of Novosibirsk Region and is specialized in cereal crop production and dairy stock farming.

The further spring wheat crops on the area of 4,100 ha was insured against such risks as hail, atmospheric and soil drought, frosts, early occurrence or formation of snow cover, strong wind, soil over-moisturizing, fire, plant diseases, plant parasitic attacks.

The insured events were soil drought observed in Zdvinsky district of Novosibirsk Region in June–July 2011, and hail which took place on August 16, 2011, that lead to complete failure of the further yield on several fields and decrease of spring wheat yield in general. A survey was needed to establish the extent of damages with determination of biological yield of the damaged crops, based on results thereof occurrence of loss was recognized, and Ingosstrakh Insurance Company has paid insurance indemnity to Priozernoe LLC in full measure.

The insured crops were the subject of pledge of the Novosibirsk regional branch of Rosselkhozbank JSC within the framework of the credit facility obtained.

Ingosstrakh Insurance Company and Priozernoe LLC have been cooperating in the sphere of agro-industrial insurance since 2007 in the realm of agricultural machinery, equipment, livestock, commodity stock and further yield.