India - Titli affected farmers yet to paid crop insurance

26.12.2018 568 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
21.05.2026

India - ₹247 crore released to provide UP farmers’ crop insurance

UP govt approved Rs 450 crore subsidy as part of the National Crop Insurance Programme (NCIP), a crucial protective measure for farmers amid instances of crop damage caused by inclement weather. 

21.05.2026

Philippines - Pioneer sees growing demand for ‘sachet-style’ insurance

Pioneer Group of Companies sees rising demand for “sachet-style” insurance products as climate-related risks heighten vulnerabilities among low-income communities in the Philippines.

21.05.2026

USA - San Joaquin cherry crop hit by heat and rain damage

Cherry growers across California are reporting major crop losses following early-season heat and rain events that affected fruit set, quality, and harvest conditions during the 2026 season.

21.05.2026

Foreign Investors Target Nigerian Insurance Firms Ahead of Recapitalisation Deadline

Foreign investors are increasingly seeking majority stakes in Nigerian insurance companies ahead of the sector’s recapitalisation deadline, reflecting growing confidence in the industry’s long-term growth prospects and expected market consolidation.

21.05.2026

Flood damage adds new pressure on South Africa’s agriculture sector

South Africa’s agriculture sector is facing mounting pressure from recent floods in the Western Cape and other parts of the country, even as prospects for strong harvests in several subsectors remain positive, according to the Agricultural Business Chamber of South Africa (Agbiz).

21.05.2026

Philippines - Capisnon farmers receive indemnity checks from PCIC, boosting agricultural recovery efforts

A total of 384 farmers from the municipalities of Dao, Cuartero, and Dumarao received indemnity checks from the Philippine Crop Insurance Corporation during a distribution event held on May 19, at the Cuartero Civic Center.

20.05.2026

Georgian spring frosts damage seasonal fruit crops

April frosts have seriously damaged seasonal fruit crops in Georgia, according to agronomist and farmer Akaki Glonti, who commented on the situation amid continuing price growth.

20.05.2026

USA - New Jersey declares State of Emergency and seeks Disaster designation after April freeze causes USD 300 million in crop losses

New Jersey declared a State of Emergency on May 20, 2026, and requested a federal Disaster designation after freezing temperatures between April 19 and 22 caused widespread agricultural damage across the state during a critical growing stage.