OREANDA-NEWS. May 11, 2011. The subsidiary of Ingosstrakh OJSIC in Ryazan has concluded an agricultural insurance agreement with Kalininskoye LLC, located in Mikhailovsky district of Ryazan Region. The insurance sum under the agreement is 12.5 mln. rubles.

The harvest of winter wheat on the total area of 692 hectares was insured from destruction or partial loss due to hail, atmospheric or soil drought, asphyxiation, frost-killing, ground frost, layer of ice, early appearance or settling of the snow cover, storm wind, a heavy dust or sand storm, long and strong rains.

The insured harvest is the subject of pledge with Ryazan regional subsidiary of Rosselkhozbank OJSC within the framework of the credit granted.

The subsidiary of Ingosstrakh OJSIC in Ryazan has been cooperating with Kalininskoye LLC since 2010. Let us remind you that in November 2010, Ingosstrakh provided insurance coverage for the harvest of agricultural crops of Kalininskoye LLC for the sum of 36.3 mln. rubles.