OREANDA-NEWS. July 15, 2010. The branch of Ingosstrakh in Cherkessk, Karachay-Cherkess Republic, has entered into agroindustrial insurance contract with Kievo-Zhuraki agroindustrial complex. The insured item is a pig stock of more than 33.5 thousand heads. The insured amount is 111.3 mln rubles.

Pursuant to the terms of the contract, the animals are insured against theft and death or compulsory slaughter of cattle resulting from unforeseen and sudden occurrence of the following events: fire, stroke of lightning, natural disasters etc.

Cooperation of the branch of Ingosstrakh in Cherkessk and Kievo-Zhuraki agroindustrial complex started in 2006. During this time, motor vehicles, agricultural machinery and equipment, real property, harvest and cattle stock were insured. During the cooperation period the Insurer indemnified the agroindustrial complex for the harvest loss due to natural disasters. The total compensation amount was 1.9 mln rubles.