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Article: High insurance rates put fishermen in jeopardy: association plans to fight recent increases.(Canada)
- Article from:
- National Fisherman
- Article date:
- May 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Diversified Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Skyrocketing insurance rates for property and vehicle owners in Atlantic Canada have also hit fishermen and sealers hard.
"Insurance rates for fishing vessels in Newfoundland and Labrador have gone right through the roof," says Earle McCurdy, president of the Fish, Food and Allied Workers. "Many fishermen are risking everything they've built up over a lifetime by fishing without insurance because they simply can't afford the premiums."
McCurdy says three- and four-fold increases over the past three or four years aren't uncommon. "We believe the increases are exorbitant and we challenge the insurance companies' contention that this is entirely related to ...
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