GSIS budgets P69.1M for Mindanao quake damage claims

MANILA, Philippines – The Government Service Insurance System (GSIS) has earmarked an initial P69.1 million for claims from government agencies and LGUs affected by the magnitude 7.8 Mindanao earthquake. In a statement on Wednesday, GSIS said initial reports showed 4,403 affected policies valued at P23.59 billion, with General Santos City accounting for the largest share. READ: GSIS opens emergency loan program for Mindanao quake victims The P69.1-million allocation will serve as an initial loss reserve as damage assessments remain ongoing. The agency has also started inspecting affected properties, including those of Mindanao State University–General Santos, the General Santos City government, […]... Keep on reading: GSIS budgets P69.1M for Mindanao quake damage claims