Finance Secretary Carlos G. Dominguez III instructed the Philippine Crop Insurance Corp. (PCIC) to identify and explain its sources of funds and corresponding uses to better understand its financial status and ensure that its premium subsidies paid for by taxpayers are spent well. Dominguez said...
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 said he...
State-run Philippine Crop Insurance Corp. (PCIC) is at risk of suffering heavy losses once major catastrophic events occur, which would eventually be shouldered by the taxpayers, an in-depth analysis by the Insurance Commission (IC) revealed. According to the IC analysis released by the Department...
The Federation of Free Farmers (FFF) said the money that goes to Philippine Crop Insurance Corporation (PCIC) are government contributions to the premiums for crop insurance policies issued to farmers and not subsidies. 35199 FFF issued this clarification on efforts to to debunk claims that the...
State-owned Philippine Crop Insurance Corp. (PCIC) needs to be run by “industry professionals” to stop the company’s money losing business, the government’s chief economic manager said. Finance Secretary Carlos G. Dominguez III, who officially took over the chairmanship of PCIC on Friday,...
Magsasaka Partylist Rep. Argel Joseph Cabatbat on Friday, Sept. 17 decried as illegal government’s decision to transfer the Philippine Crop Insurance Corporation from the Department of Agriculture to the Department of Finance. Sugarcane farmers In a press statement, Cabatbat said various farmers...
A group of farmers expressed disappointment and fear over the decision of the Duterte Administration to transfer the Philippine Crop Insurance Corporation (PCIC) from the Department of Agriculture (DA) to the Department of Finance (DOF). In a statement, the Federation of Free Farmers (FFF) said on...
Filipino farmers may just be able to recover their losses from infestation and natural calamities under a P1-billion insurance fund intended for Department of Agrarian Reform (DAR) beneficiaries. (Photo courtesy of the Department of Agriculture) The DAR and the Philippine Crop Insurance Corporation...
It will soon be easier for local hog raisers who are insured at the Philippine Crop Insurance Corporation (PCIC) to claim insurance or indemnification after being hit by the dreaded African Swine Fever (ASF). Photo by MA Albert Estoya. This, after the PCIC Board of Directors approved the proposal...
