Intuitive Surgical, Inc. (ISRG) Insurer Alleges Legal Claims Hidden
11/1/2013 7:39:48 AM
Intuitive Surgical Inc. (ISRG), the maker of robotic-surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying product-liability insurance. Illinois Union Insurance Co. (UNION) seeks to rescind an Intuitive insurance policy, saying the maker of the $1.5 million da Vinci robot system concealed material facts about its legal risks. The insurer said it was told Intuitive was confronting 25 claims during the policy application process earlier this year.
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