October 27, 2026
A group of insurers who say they don't owe Truist Bank coverage for a $240 million settlement of a consumer overdraft fee class action asked a North Carolina federal court to dismiss the bank's counterclaims, saying that because there is no coverage, the denial could not have been in bad faith.
August 25, 2026
Truist Bank has launched counterclaims against a group of insurers who claim they don't owe coverage to the bank for a $240 million settlement of a consumer class action stemming from alleged overdraft charges, arguing the relevant insurance policy expressly includes settlements, among other things, as covered damages.
June 29, 2026
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.