Spain - Agroseguro advances payment of over 6 million euro to kaki sector
02.10.2018 150 views
Agroseguro has advanced the payment of more than 6 million Euro to kaki producers in the Region of Valencia for the damages caused by severe hail storms, which took a toll on 6,000 hectares.
According to a statement from the Spanish Association of Insurance Entities of Combined Agricultural Insurance (Agroseguro Agroseguro), "the crop has not only been affected by hail, but also by severe spring frosts in another 4,800 hectares, as well as major episodes of rain, strong winds and floods."
"In total, taking into account all damage caused by the weather, there have been reports of losses in about 11,600 hectares, which is a record figure," according to the same sources.
As compensation for hail damage to kakis, "a total of 18 million Euro are expected to be paid out," so Agroseguro "has advanced the payment of more than 6 million Euro to those insured in the Region of Valencia whose plots suffered damage exceeding 90%."
Source - http://www.freshplaza.com
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