Insurance Crisis Threatens Small Fishermen | Barbados News

Small-time fishermen are sounding the alarm as mandatory boat insurance looms — costs could be five times higher than car insurance, leaving many unable to afford it. Moonesh Dharampaul of the Black Fin Fleet Cooperative warns this move could force them out of business, calling it an unfair burden that leaves them without support when boats break down or gear is damaged. He’s waiting for final policy terms from insurers and insists lawyers will review every detail — no deal without proper haul-out facilities and real coverage will be signed. The General Insurance Association confirms negotiations are still ongoing with the Fisheries Division. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c5b27b7b0cfe5890