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Spain: Insurance payout for crop damage in Castilla y Leon estimated at $25 million

August 15, 2014 - 6:00am


Climate-related problems have damaged 352,000 hectares of winter cereals in Spain's Castilla y Leon region and insurance compensation is expected to total nearly €18.5 million ($25 million), reports Diario Palentino.

Meanwhile, the climatic conditions have caused problems in more than 1.17 million hectares across Spain and insurance compensation for these is estimated at more than €66.7 million. Insurance group Agroseguro S.A. has already paid €50.5 million in insurance compensation.

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