Travelers Insurance v. Underwriting Members of Lloyd's of London

Order, Supreme Court, New York County (Beatrice Shainswit, J.), entered May 20, 1996, which granted plaintiff’s motion to require defendants to post preanswer security of $1,554,138.84 in compliance with Insurance Law § 1213 (c) (1), unanimously affirmed, with costs.

Contrary to defendants’ argument, the motion court did not conclude that the bonding requirement applied even if *279defendants had not transacted business in New York. Rather, the court found that defendants had engaged in purposeful activities in this State. We note that defendants’ contentions with respect to the purported lack of…