It is hereby ordered that the order insofar as appealed from be and the same hereby is unanimously reversed on the law without costs and defendant's motion is granted.
Memorandum:
This action arises out of a reinsurance agreement (Agreement) executed in November 1997 by plaintiff, Utica Mutual Insurance Company (Utica), and defendant, Gulf Insurance Company (Gulf). According to the terms of the Agreement, Utica would reinsure Gulf for $5 million of its ...
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