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Seacor: Pay Debt With $25M in Overturned Louisiana Boat’s Insurance

June 21, 2021


The owner of an offshore oilfield boat that overturned off Louisiana plans to use $25 million in insurance on the vessel to pay down part of the Texas company’s debts.

Attorneys for families of men killed when the Seacor Power flipped in April are worried that could leave less money available to compensate for their loss, The Times-Picayune / The New Orleans Advocate reported.

Six men were rescued, six bodies were found and seven men are missing and presumed dead after the wreck.

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