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THE chief of the Philippine Crop Insurance Corp. (PCIC) said the Governance Commission for Government-owned and -controlled corporations (GCG) decided it will remain under the Department of Finance (DOF). “I think there’s already a decision on that with the GCG, right now we’re still will be under the DOF,” Philippine…
AMID threats by a drought to the country’s food security, the government’s insurer for crops expects four million farmers would be covered this year. “This year I’m pretty confident it will reach four million farmers; that’s a good penetration rate for a crop insurance company and at least cover around…
NEARLY a month after meeting with executives of the Philippine Crop Insurance Corp. (PCIC), PCIC Board Chairman and Finance Secretary Carlos G. Dominguez III expressed dismay on the risk-seeking tack of the state-run insurer. “The PCIC is the perfect example of how not to manage risks,” Dominguez was quoted as…
THE management of the Philippine Crop Insurance Corp. (PCIC) is set to present its financial status and computation of contingent liabilities before its newly-reorganized board of directors. Finance Secretary Carlos G. Dominguez III, who now chairs the reconstituted PCIC Board, said he has ordered the management of the government-owned and…