OREANDA-NEWS. December 24, 2010. Ingosstrakh paid 6.8 mln rubles to Niva LLC located in Yalga settlement, the Republic of Mordovia in connection with the harvest loss.

Under the contract, the harvest - Beatrice spring barley, Tulaykovskaya 10 spring wheat, Horizont oat, Kazanets and Faraon peas – over the total area of 844 ha was insured for the amount of 14.7 rubles.

The insured event was a record draught, which affected the region last summer. Because of the fires and an abnormally hot and dry weather, the state of emergency was declared in the territory of Mordovia, livestock breeding complexes had to transfer the stock to winter regime and grain crop harvesting began already in July. Agricultural producers suffered losses of many millions. Several expert appraisals were needed to estimate the amount of damage of Niva LLC. As a result, the event was recognized as an insured event and Ingosstrakh paid to the agricultural enterprise the full indemnity for the harvest shortfall.

Ingosstrakh and Niva LLC have been cooperating in all types of insurance since March 2009. During this period, besides agricultural crops transport vehicles, special machinery and agricultural equipment, immovable property, inventories and cattle stock have been insured.

Niva LLC was established in August 2007. The main spheres of activity of the agricultural enterprise are dairy and beef stock husbandry, grain and fodder production.