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CARAT DIAMOND CORP. v. UNDERWRITERS AT LLOYD'S, LONDON

123 A.D.2d 544 (1986)

Carat Diamond Corporation, Respondent-Appellant, v. Underwriters at Lloyd's, London, et al., Appellants-Respondents. Carat Diamond Corporation, Respondent-Appellant, v. Underwriters at Lloyd's, London, et al., Appellants-Respondents, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

October 2, 1986

Plaintiff had been insured under a jeweler's block policy issued by Underwriters At Lloyd's, London, for the one-year period from September 12, 1981 through September 12, 1982. The policy provided, "No suit, action or proceeding for the recovery of any claim under this Policy shall be sustained in any court of law or equity unless the same be commenced within twelve (12) months next after discovery by the Assured of the occurrence...

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