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
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The P69.1-million allocation will serve as an initial loss reserve as damage assessments remain ongoing.FEATURED STORIES
