Insurers collect 91bn ROL from farming

The total premiums collected by insurers from selling farming insurance policies amount to 91bn ROL for the 2002-2003 farming year, the data supplied by the Ministry of Agriculture, Forests, Waters and Environment show. Wiener Staedtische Group’s Agras made the most money off farming insurance, i.e. 46.3bn ROL in premiums collected, followed by Asirom – 20.8bn ROL, Allianz-Tiriac Asigurari – 19.7bn ROL and Ardaf – 1.3bn ROL. “Farmers whose crops were merely hit by the drought will get reimbursements from insurance companies if they have insurance contracts concluded, while those whose crops were completely destroyed by drought will get reimbursements from the state budget,” Miron Moldovan, head of Agriculture Ministry’s Budget-Finance Department on Tuesday said. By declaring state of calamity in the agriculture, the Agriculture Ministry will allocate approximately 600bn ROL for reimbursements. ZF