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RENAISSANCE ART INVS., LLC v. AXA ART INS. CORP.

9105-650271/11, 9106, 651844/10.

102 A.D.3d 604 (2013)

2013 NY Slip Op 438

RENAISSANCE ART INVESTORS, LLC, Appellant, v. AXA ART INSURANCE CORPORATION, Respondent. AXA ART INSURANCE CORPORATION, Respondent, v. RENAISSANCE ART INVESTORS, LLC, Appellant.

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

Decided January 29, 2013.

The policies purchased by RAI, which covered "losses" as that term is defined in the policies, contained an unambiguous exclusion, precluding coverage in the event of "[a]ny fraudulent, dishonest or criminal act or acts by: (a) You, anyone else with an interest in the property or your or their employees whether or not committed alone or in collusion with others, whether or not such act or acts be committed during the hours of employment...

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