Fishermen take risks after Katrina as many go without sky-high boat insurance
The dizzying rise of boat insurance -- a standard policy along the Gulf Coast now costs $8,000 to $25,000, depending on the boat size and coverage level -- poses the latest threat to the livelihoods of fishermen in the Gulf region. As the federal and state governments focus their recovery efforts on homeowners, many fishermen feel left behind. Some are underinsuring or buying no insurance at all because a policy could eat up a big chunk of profits. Full Story »
Posted by David Patterson
