No Coverage For Bank's $240M Overdraft Deal, Insurers Say

By Hope Patti ( June 29, 2026, 6:27 PM EDT) -- A group of insurers doesn't owe coverage to Truist Bank for a $240 million settlement of a consumer class action stemming from its predecessor's overdraft charges, the carriers told a North Carolina federal court, saying the deal doesn't constitute "damages" as defined by the policies....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login