3rd Circ. Upholds No-Coverage Ruling For PNC's $106M Loss

By Ganesh Setty · March 24, 2025, 4:26 PM EDT

PNC Bank NA can't get coverage for a more than $106 million judgment it paid over underlying claims that a bank PNC acquired had mismanaged certain trust accounts, the Third Circuit...

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Case Information

Case Title

PNC Bank NA v. Axis Insurance Co, et al

Case Number

24-1670

Court

Appellate - 3rd Circuit

Nature of Suit

4110 Insurance

Date Filed

April 15, 2024