GSIS budgets P69.1M for Mindanao quake damage claims

GSIS budgets ₱69 million for Mindanao earthquake damage claims

The Government Service Insurance System (GSIS) set aside an initial ₱69.1 million in loss reserves to cover reported damages to government properties following the magnitude 7.8 earthquake that struck Mindanao.In a statement, GSIS said the state pension fund’s allocation follows a directive from President Ferdinand Marcos Jr. for a coordinated government response to help local government units and state agencies restore public services. Alongsid…

GSIS allocates P69.1 million for quake damage claims

The Government Service Insurance System has earmarked P69.1 million in loss reserves to cover initial claims for government properties damaged by the magnitude 7.8 earthquake in Mindanao.

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.