India - Titli affected farmers yet to paid crop insurance

26.12.2018 583 views
Coconut farmers affected by Titli cyclone are yet to pay amount under crop insurance scheme by its companies so far. Coconut farmers in Uddanam area paid crop insurance premium for one tree as Rs 10 for three years term in 2016 and it is in force till March 2019. With the motivation of horticulture officials farmers paid the amount to national insurance company under national crop insurance scheme (NCIC) which is applicable for horticulture crops. The NCIC is applied for both natural calamities and pesticide attack on crops. There are two categories under the NCIC one is for payment of premium for trees aged from 4 to 15 years and other is for trees aged from 16 to 60 years. Due to titli cyclone coconut trees damaged in seven Udddanam mandalas and insurance amount need to pay for total loss of tree, damage of tree and loss of yield also. As per guidelines for each tree loss insurance company need to pay Rs 1750. After payment of premium in 2016 no bonds issued to farmers and accounts also not opened in the name of farmers in banks. Now the insurance company and horticulture officials are trying to shift burden on each other to avoid liability. ‘We have yet to receive any compensation amount from insurance companies so far for loss of our crop’ coconut farmers of Sompeta mandal, Ramachandra Panigrahi, Dunna Gurumurthyand others explained. ‘We have paid Rs 5.50 crore under crop insurance for loss but we have not received premium for coconut’ National insurance company officials, Sivaji and Malathi explained. Source - https://www.thehansindia.com
26.05.2026

“Timac Agro Ukraine” launches crop insurance against drought

Timac Agro Ukraine, in collaboration with the insurance company PZU, has launched a crop insurance program against drought for farmers in five regions of Ukraine. 

26.05.2026

Hansen announces "dialogue with the EIB on new agricultural insurance models"

Integrated European framework for climate resilience 'is on the way'.

26.05.2026

Nigeria - Oyo Steps up Enforcement Against Illegal Livestock Trading, Open Grazing

The Oyo State Government has stepped up enforcement against illegal livestock trading and open grazing, arresting offenders and impounding animals in parts of Ibadan during a fresh compliance operation.

26.05.2026

Philippines - Tacloban braces agri, health mitigation measures amid looming super El Niǹo

The City Government of Tacloban has intensified its preparations and mitigation measures as the threat of a possible Super El Niño continues to loom over several parts of the country, bringing concerns over prolonged dry spells, water shortages, and impacts on agriculture and public health.

26.05.2026

India - Punjab Govt Deploys 500 Teams for Special Girdawari as Rains Damage Wheat

In Punjab, to calculate the damage done to the standing crops in the fields due to the inclement weather for the last many days, the state government has formed teams of 500 officials from the agriculture department to assess losses.

26.05.2026

Brazil - Agricultural insurance plummets in Paraná, putting the sector at risk.

Cevio Alberto Mengarda, a soybean and corn producer in Marechal Cândido Rondon, in the western region of Paraná, followed in his father's footsteps in agriculture and today manages the family property. 

25.05.2026

Algeria - CASH Assurances to diversify into agriculture insurance

CASH Assurances will launch agriculture insurance plans in June 2026, as part of its diversification strategy.

25.05.2026

U.S. specialty crop growers push for stronger Farm Bill support

Specialty crop growers in the U.S. are calling for stronger support measures in the 2026 Farm Bill, particularly around risk management, market access, and crop insurance.