Category: Markets
Published: 2026-06-30T15:51:43.000Z
Insurers including Chubb Ltd. and Travelers Cos. are suing Truist Financial Corp.'s banking arm to avoid covering a $240 million settlement related to overdraft fees. The insurers claim the underlying case should have been covered by earlier policies and that the settlement does not qualify as covered damages under their terms. The policies in question provided coverage from October 2009 to October 2010 to the bank, which was formerly SunTrust.
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