( March 26, 2025, 2:31 PM EDT) -- PHILADELPHIA — The Third Circuit U. S. Court of Appeals held that a management liability insurance policy’s “Changes in Exposure” provision unambiguously bars coverage for an underlying breach of fiduciary duty lawsuit, affirming a lower court’s judgment in favor of insurers in a bank’s lawsuit seeking coverage after it became liable for an underlying judgment for the wrongful acts of an acquired company. . . .