La. Panel Reverses Judgment, Grants Peremptory Exception In Boat Coverage Dispute

( November 6, 2025, 1:46 PM EST) -- LAKE CHARLES, La. — A Louisiana appellate court on Nov. 5 reversed a lower court’s summary judgment ruling dismissing a bank’s claims against GEICO and granted GEICO’s peremptory exception of no right of action, dismissing the bank’s claims against GEICO with prejudice in the bank’s suit against GEICO seeking to recover damages related to property being stolen from an insured boat, finding that the bank as loss payee lacks a right of action against GEICO....