Medical Fraud

Insurer refuses to cover WebMD losses, citing fraud charges

Published in Hospital Law Weekly, March 10th, 2005

An insurance company is refusing to cover losses at WebMD, asserting it has no responsibility because senior executives knew about the kickback scheme at the health information and transaction firm.

The insurer, Fidelity and Deposit Co. of Maryland, claimed that Elmwood Park-based WebMD failed to disclose information about corrupt workers when it applied for crime insurance.

Baltimore-based Fidelity made the statements in response to a lawsuit filed by WebMD in state Superior Court in Hackensack. The lawsuit, filed in December, 2004, seeks compensation for at least $6.7 million in fraud losses.

In January, two former WebMD...

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Source: Hospital Law Weekly (2005-03-10)

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