Property market faces $200mn Galliano Marine Ida loss
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Property market faces $200mn Galliano Marine Ida loss

Catrin Shi
October 22, 2021
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Houma, USA. 30th Aug, 2021. A gas station is seen destroyed by Hurricane Ida in Houma, Louisiana, the United States, Aug. 30, 2021. With stranded people waiting for rescue on damaged roofs, flooded roads blocked by downed trees and power lines, and over o
Photo: Alamy

Maritime firm Galliano Marine Services has notified its insurers of losses on its property insurance that are expected to blow through the program’s $200mn limit, this publication can reveal.

Galliano Marine Services, doing business as Edison Chouest Offshore, provides marine transportation solutions and owns several properties in the Galliano area in southeastern Louisiana, on the Mississippi Delta.

Sources

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