PCIC speeds up payment to farmers for Typhoon Juaning losses | Official Gazette of the Republic of the PhilippinesAn August 5, 2011 press release by the Department of Agriculture The Philippine Crop Insurance Corporation (PCIC), the sole agricultural insurance provider in the country, has committed to speed up payment for crop damages sustained by rice and corn farmers in the wake of Typhoon Juaning last week. In a report to Agriculture Secretary and PCIC Board Chairperson Proceso J. Alcala, PCIC President Jovy C. Bernabe said the firm will pay damage claims by farmers faster than the usual 20-day claim settlement response time. The shorter payment period will allow rice and corn farmers to recoup their losses and pay for immediate replanting.

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