PNC BANK, N.A. v. AXIS INSURANCE COMPANY et al

  1. March 13, 2024

    PNC Bank Can't Get $106M Judgment Covered By Insurers

    PNC Bank NA is not entitled to coverage by a group of excess insurers for a $106 million judgment it incurred in an underlying lawsuit alleging the bank's predecessor mismanaged funeral trust accounts, a Pennsylvania federal judge ruled Wednesday, saying the policies' exclusions bar coverage in this case.

  2. September 12, 2022

    Insurers Say PNC Bank Isn't Owed $106M Coverage Judgment

    A group of excess insurers told a Pennsylvania federal court that coverage isn't owed to PNC Bank for a $106 million judgment it incurred in an underlying lawsuit alleging the bank's predecessor mismanaged funeral trust accounts, arguing coverage isn't extended to the predecessor before the policy period.