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AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY v. HOFFMANN

61 A.D.3d 410 (2009)

876 N.Y.S.2d 382

AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY, Respondent, v. EDMUND J. HOFFMANN, JR., et al., Appellants.

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

Decided April 2, 2009.

The policy at issue excludes from coverage any claims based "in whole or in part" on acts "in connection with" a trust of which defendants are beneficiaries. This is an enforceable exclusion (see American Guar. & Liab. Ins. Co. v Lerner, 58 A.D.3d 523 [2009]). Here, each claim in the underlying proceeding centered on the transfer of stock held by a trust for the petitioners therein to a trust created by defendants of which they...

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