The Philippine Crop Insurance Corporation (PCIC) will release about P1.65 billion worth of insurance to farmers whose crops, particularly rice and corn, were badly hit by typhoon “Ompong,” its top official said on Tuesday.

In a statement, PCIC President Atty. Jovy C. Bernabe said about 262,057 farmers who planted rice, corn and high value crops in the six regions affected by Ompong could count on the “speedy release” of insurance money from the government.