Lender’s Dismissal Motion Granted In Hurricane Coverage Settlement Funds Dispute

( May 20, 2026, 11:10 AM EDT) -- NEW ORLEANS — In an insured’s dispute with his lender over its alleged failure to endorse settlement checks as an additional payee in a hurricane coverage dispute involving a now-insolvent insurer, a Louisiana federal judge dismissed the putative class suit for lack of subject matter jurisdiction with leave to amend, finding that though the insured failed to establish “standing for monetary relief,” the complaint can be amended to show injury by alleging that the interest payment the insured received on insurance settlement proceeds was insufficient....