This case comes to us for determination as an action on submitted facts pursuant to CPLR 3222. In accordance with paragraph (3) of subdivision (b) of that rule, it is, by stipulation of the parties, submitted to us in the first instance.
Plaintiff, The Home Insurance Company (Home), and defendant, The American Insurance Company (American), both issued insurance policies to Grenadier Realty Corporation (Grenadier), which included insurance on real property located...
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