Defining the News
President Marcos signed Executive Order No. 60, returning the Philippine Crop Insurance Corporation to the supervision and control of the Department of Agriculture , nearly three years after it was transferred to the Department of Finance .
Established in 1995, PCIC is a government-owned and controlled corporation tasked with providing insurance protection to farmers against natural disasters, plant diseases, and pest infestations. This, he believes, will enhance agricultural insurance programs and make them more responsive to the needs of farmers, fisherfolk, and other agricultural stakeholders.Despite the PCIC returning to the DA, the new order specifies that the Agriculture secretary will not hold one of the seven board seats. The seats previously held by the Finance secretary and the Government Service Insurance System were also removed.
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