MEMORANDUM AND ORDER
SHABAZ, District Judge.
Before the Court are cross motions for summary judgment in this action on a contract of insurance. For the reasons set forth in the memorandum below, plaintiff's motion is denied and defendant's motion is granted.
Jurisdiction is based on 28 U.S.C. § 1332; the parties are of diverse citizenship and the amount in controversy exceeds $10,000.
The parties have submitted a thorough stipulation...
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