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PCIC asked to present financial status, contingent liabilities

Finance Secretary Carlos Dominguez III MANILA - Finance Secretary Carlos Dominguez III has asked the management of the Philippine Crop Insurance Corp. (PCIC) to present before its newly reorganized board of directors this October 7 the state firm's financial status and computation of its contingent liabilities. In a statement Sunday, Dominguez said the presentation should include an outline on how the PCIC should be managed and initial ideas about possible reinsurance coverage, which PCIC can provide; the expansion of the insurance coverage to include more crops; and how PCIC can provide parametric insurance compared to its current policies. During the first meeting held last month by the reconstituted PCIC board, Dominguez said among the immediate tasks of the body was to reorganize the corporation, stop its financial bleeding, and determine how it can deliver better insurance coverage to Filipino farmers. Dominguez, who now chairs the PCIC board, said the PCIC has been heavily re

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Dominguez puts PCIC management to test

The Department of Finance (DOF) has asked the management of the state-run Philippine Crop Insurance Corp. (PCIC) to submit the detailed financial status and computation of its contingent liabilities. PCIC Chairman Carlos Dominguez In a statement, Finance Secretary Carlos G. Dominguez III s

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PCIC to present financial status to new directors

PCIC to present financial status to new directors
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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Crop insurance program MOA signed

Crop insurance program MOA signed
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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NegOcc allots P19.2-M additional fund for crop insurance

April 14, 2021 THE Provincial Government of Negros Occidental has alloted about P19.2 million in additional fund for its crop insurance program aimed at helping local farmers. Governor Eugenio Jose Lacson signed a Memorandum of Agreement (MOA) with Philippine Crop Insurance Corp. (PCIC) president Jovy Bernabe for the transfer of funds at the Provincial Capitol Building in Bacolod City Thursday, April 14, 2021. Dubbed Negros First Crop Insurance Program (NFUCIP), the program is a joint initiative of the provincial government and the PCIC to insure agricultural crops in the province. The additional fund is intended for the implementation of the insurance program for the crop year 2021 and onwards.

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