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  5. 166 A.D.2d 402 (1990)
 

BURDICK ASSOCS. OWNERS CORP. v. INDEM. INS. CO. OF NORTH AM.

166 A.D.2d 402 (1990)

Burdick Associates Owners Corp., Appellant, v. Indemnity Insurance Company of North America et al., Respondents

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

October 1, 1990

Ordered that the order is affirmed, with one bill of costs to the respondents appearing separately and filing separate briefs.

The plaintiff entered into a construction contract in 1985 with Karlan Construction Corp. (hereinafter Karlan) to renovate a brownstone building that it owned in Brooklyn. The contract provided that any disputes would be submitted for arbitration. The defendant insurance companies jointly issued a performance bond which provided that in the...

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