The legal battles of Intuitive
"Intuitive is fighting about 86 lawsuits in 22 states after setting
aside about $100 million to resolve an unspecified number of claims from
2014 through early this year without admitting wrongdoing, it said in
an April regulatory filing. Many of the patient lawsuits against it are
in the early stages, according to the filing.
Intuitive
robots help perform hysterectomies, gall bladder removals, prostate
cancer treatment and many other soft tissue operations.
In the
insurance dispute, Illinois Union says Intuitive’s disclosure of just 24
claims and failure to reveal 734 others when it applied for coverage in
2013 “is a massive concealment of claims from an insurer, potentially
the most egregious in history.”
Two insurance companies say da Vinci’s maker, Intuitive Surgical
Inc., failed to reveal more than 700 injury claims when it applied for
liability coverage. Intuitive says that’s nonsense.
If
a federal judge concludes the insurers are right and rescinds policies
providing $25 million in coverage, one of the fastest-growing medical
device manufacturers would be left with only self-insurance for a
one-year period. Intuitive, meanwhile, accuses Illinois Union Insurance
Co. and Navigators Specialty Insurance Co. of acting deceitfully and
breaking their contracts."
Currently, ISRG is doing fine:
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