MEMORANDUM-DECISION and ORDER
HURD, District Judge.
I. INTRODUCTION
Plaintiffs Gary P. Frazier and Kimberly Frazier commenced this action on January 19, 1999, in Supreme Court of the State of New York, Saratoga County, against the defendant, Royal Insurance Company of America ("Royal Insurance," "company," or "insurer"), arising from an arbitration award and judgment against the company's insured, Wilfred Daigle & Son, Inc...
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