ADB Net Corp. v. Columbian Mutual Life Insurance

Order, Supreme Court, New York County (Eileen A. Rakower, J.), entered March 30, 2015, which granted defendant’s motion to dismiss the complaint pursuant to CPLR 3211 (a) (1) and (7) to the extent plaintiff sued as attorney-in-fact for the seven beneficiaries of Columbian’s life insurance policies, and denied the motion to the extent plaintiff sued as assignee, and denied plaintiff’s cross motion for summary judgment, unanimously affirmed, with costs.

Life insurance proceeds are freely assignable in New York (see Kramer v Phoenix Life Ins. Co., 15 NY3d 539, 551-553 [2010]), where, as here, it…