Alaska Law Exempts Fishing Co-Op Insurance Agreements From State Code
Insurance agreements struck between commercial fishing cooperatives will no longer be regulated as traditional insurance due to a law enacted on July 24.
The law, which went into the books without Republican Gov. Mike Dunleavy's signature, excludes co-op agreements where fishing enterprises pool contributions to pay liability claims and cover losses, or damage to vessels and machinery, according to the bill's text (BestWire, April 30, 2025).
The legislation was crafted to address insurance affordability and availability issues for commercial fishing vessels...
To Read Full Story Login Below.