North Carolina Appeals Court Overturns $29 Million Judgment Against Insurance Giant Penn National

An appellate court in North Carolina has delivered a significant judgment in favor of a major insurance carrier, Penn National, by overturning a previously imposed $29 million judgment. This decision came in the context of accusations that the insurer had failed in its duty to defend and settle a wrongful death lawsuit against its client. In the initial ruling, the court had awarded $9.6 million in compensatory damages and subsequently trebled this amount to exceed $29 million. For deeper insights into the appellate court’s decision and its implications, further details are available in the original reporting by Law.com.