Insurers want $16 million Medical Device Co. deal with DOJ

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By Carolina Bolado (April 11, 2022, 7:44 p.m. EDT) — Two insurers said in Florida federal court Monday that they shouldn’t have to pay for a $16 million settlement that their insured, the device company Arthrex Medical Inc., has settled with the government after it was the subject of a whistleblower lawsuit alleging kickbacks to a surgeon.

In a lawsuit filed in federal court in Fort Myers, the National Union Fire Insurance Company of Pittsburgh and the Federal Insurance Company said Arthrex failed to alert insurers when the whistleblower complaint was filed and did not notify them. only of the settlement, but had not shared any details of the settlement until after the agreement had already been executed.

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