NY appeals court sides with Equitable in lengthy cost-of-insurance lawsuit
February 4, 2025 by John Hilton
Equitable Life Insurance Co. breached no contract terms when it imposed cost-of-insurance charges on a universal life policy, the New York Court of Appeals recently ruled.
The court upheld a lower-court ruling against the Hobish family trust, who claimed the insurer improperly hiked COI charges in 2015. The ruling seemingly ends a lengthy legal odyssey that began with a 2017 lawsuit.
Originally Posted at InsuranceNewsNet on January 30, 2025 by John Hilton.
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