Tag Archives: insurance costs
Alaska: Sen. Stevens says more details forthcoming on state insurance pool for commercial fishermen
One of the ideas rising to the top of the Alaska Seafood Task Force’s forthcoming recommendations is an insurance pool for commercial fishermen. The state legislative task force plans to release a full list of a dozen potential bills next month to address a downturn in the seafood market. But the group’s chairperson shared some information in advance with the Kodiak Fisheries Work Group on Dec. 18. State Senator Gary Stevens of Kodiak told members of the Kodiak Island Borough Assembly and City Council that he would like to use a model the Alaska Municipal League is using for sharing its communities’ insurance costs. This is known as the Alaska Municipal League Joint Insurance Association (AMLJIA), which is a self-insurance pool owned and paid for by the municipalities and school districts that make up its membership. more, >>CLICK TO READ<< 08:53
Rising fuel, bait prices could eat into profit margins
Lobster fishers have had to contend with the rising costs of doing business for years, but this season presents a set of circumstances perhaps without compare. Fuel prices are higher than they’ve ever been on PEI and that will have a direct impact on fishers, especially the ones who sail further out from shore. Throw in rising bait prices driven by quotas and feeding predators, and insurance costs, and it could take a sizable big bite out of profit margins. “It’s going to be different from last year for sure. The cost of everything is going up,” said Naufrage lobster fisherman Lucas Lesperance. He hopes those pressures will create a strong price throughout the season. Mr Lesperance said seals are becoming more of a nuisance than ever, chowing down on bait species like herring and mackerel. A seal hunt would certainly help, he said. >click to read< 10:07
