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SHARED-INTEREST MANAGEMENT, INC. v. TRAVELERS PROPERTY CASUALTY CORPORATION

265 A.D.2d 622 (1999)

695 N.Y.S.2d 632

SHARED-INTEREST MANAGEMENT, INC., Appellant, v. TRAVELERS PROPERTY CASUALTY CORPORATION, Respondent.

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

Decided October 14, 1999.

Yesawich Jr., J.

After defendant disclaimed coverage, plaintiff, a property management company, commenced this action seeking a declaration that defendant must defend and indemnify it in a lawsuit brought against it by Knox Woods Homeowners' Association. In that suit, it is alleged that plaintiff's accounting manager, Sandra Krupski, pleaded guilty to grand larceny, having apparently embezzled funds from several of plaintiff's

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