Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

It"s health insurers" cardinal rule: disclose pre-existing conditions.

Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da Vinci system.

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.

Intuitive"s profits have been on the rise since surviving scrutiny by regulators over its disclosures. Sales have rebounded since a 2013 slump when regulators queried surgeons about an increase in adverse event reports and the Food and Drug Administration warned about the company"s transparency on product corrections. U.S. hospitals used Intuitive"s robot-assisted surgery in 176,000 operations during the first three months of this year, a 17 percent increase from the same period a year earlier.

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Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

It’s health insurers’ cardinal rule: disclose pre-existing conditions.

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What I see here is two insurance companies who are getting cold feet about having to potentially payout several large insurance claims. Sorry, DWASholes, Intuitive is in the right.

All these years later and Intuitive Surgical is stronger than ever. Leeches may get a taste of blood every once and a while but they never do any real damage. Same outcome here.

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As an investor I have been reading the comments on how your treat the people your company has hurt! It's no wonder you being sued by everybody!

Now how many recalls are we up too on the Davinci? 177 was the last count. For a company that only has one product that is not good news.

Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

Posted 1 week ago 2

Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

It’s health insurers’ cardinal rule: disclose pre-existing conditions.

bears are coming. short this.

Investor my a$$!!! It's astounding how these investors, nurses, competitive reps and surgeons come to the discussion boards and parrot the exact things that the DWASswipes say in their posts. Go away you little slimy troll. They gave you your own board to spew your hate and misinformation. Go back there and play your games with the other 3 members of your elite organization who post there!

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DWAS, stop. You are embarrassing yourself. There are safety notices and recalls all the time in this industry. You guys win one case you would have lost if our lawyers didn't settle (jury was favoring Intuitive) and you jump on any piece of news to try and prove your point. Guess what...it won't work. You won that case and doesn't set a precedent for the rest, many are frivolous, kind of like your rants.

As an investor I have been reading the comments on how your treat the people your company has hurt! It's no wonder you being sued by everybody!

Now how many recalls are we up too on the Davinci? 177 was the last count. For a company that only has one product that is not good news.

Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

Posted 1 week ago 2

Maker of $1.5 Million Surgical Robot Hid More Than 700 Injury Claims, Insurer Says

It"s health insurers" cardinal rule: disclose pre-existing conditions.

bears are coming. short this.

post

Another round of hidden injuries from ISI?

DWAS, stop. You are embarrassing yourself. There are safety notices and recalls all the time in this industry. You guys win one case you would have lost if our lawyers didn't settle (jury was favoring Intuitive) and you jump on any piece of news to try and prove your point. Guess what...it won't work. You won that case and doesn't set a precedent for the rest, many are frivolous, kind of like your rants.

post

What I see here is two insurance companies who are getting cold feet about having to potentially payout several large insurance claims. Sorry, DWASholes, Intuitive is in the right.

post

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