Hobish v. AXA Equit. Life Ins. Co.

Summary

The New York Court of Appeals affirmed the Appellate Division, holding that the term “given class” in the life‑insurance policy was ambiguous, that plaintiffs were not entitled to damages based on the policy’s death benefit, that restitutionary damages were speculative, and that punitive damages under both the breach‑of‑contract claim and General Business Law § 349(h) are limited to the statutory treble‑damage award.