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Record Compensation of over 170 Million Euros for Agricultural Weather Damage in Castilla-La Mancha

In a meeting held last month in Alcázar de San Juan by Agroseguro focused on the lines whose subscription takes place during the autumn and of great relevance for Castilla-La Mancha, such as herbaceous crops, wine grapes, almond trees or garlic, the high sums for compensation due to weather damage were announced, which will exceed 170 million euros, a record figure until now in the Autonomous Community. The meeting was attended by Joaquín Cuadrado, general director of Agricultural Management of the Government of Castilla-La Mancha, co-insurance entities and their commercial networks, as well as professionals from the sector.

On that day, the director of the Agroseguro Claims area, José Carlos Sánchez, reviewed the most relevant figures for agricultural insurance in 2023, with the forecast to close with record insured capital “for the ninth consecutive year” and also of accidents, with a final estimate that will be around 1,250 million euros, a figure very far from the previous historical maximum, which was reached in 2022, and which stood at 806 million.

Given this situation, José Carlos Sánchez pointed out that «agrarian insurance has faced more than 3 million hectares of damage in 2023, demonstrating its usefulness in the face of the current climate reality, and also its ability to provide certainty to the sector in the face of extremely serious incidents. For this reason, policyholders give notable and outstanding marks to aspects of the insurance such as the quality of the appraisals or the speed of payment, which remains in 23 days on average after the evaluation of the incident».

For their part, the territorial directors of Agroseguro in the Central and Mancha areas, Javier Zarcero and Santiago Duro, They reviewed the “historical” accident rate recorded in the regionafter a first semester with hardly any precipitation and with the presence of occasional frosts, and in contrast numerous hail, rain and wind storms during the summer.

Thus, the estimated compensation for insured farmers and ranchers in Castilla-La Mancha exceeds 170 million euros at the end of the 2023 financial year. Currently, Agroseguro has already paid 143 million, in the absence of completing the payment of claims in insurance lines and productions that are still in full campaign, or about to end it.

By production, the most important amounts correspond to La Mancha producers insured in the lines of herbaceous crops (76 million euros), wine grapes (33 million) and vegetables (40 million, with a special incidence -26 million- of the damages suffered by garlic). Furthermore, the sinjuries in nuts (9 million), fruit trees (7 million) and all livestock insurance (7 million).

Given this accident rate, the territorial managers of Agroseguro have reiterated the importance of the insurance that is carried out between October and December, since it includes the most complete insurance modules for agricultural productions of great importance for Castilla-La Mancha and with a high implementation of the insurance. . During the last campaign, more than 50% of wine grape production was covered by agricultural insurance, with higher percentages in herbaceous crops (58%), garlic (80%) and nuts (86%). . In total, more than 1 million hectares with agricultural insurance policy“the best tool to confront the current climate reality,” they say.

For this reason, both territorial directors highlighted that Agroseguro has maintained – for producers of herbaceous crops – the possibility of benefiting from the 5% bonus for those who renew their policies before November 15 with modules 1 and 2, which offer coverage. against all climatic risks, including drought, frost or hail.

2023-11-04 19:46:03
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