Medicare Insurer Can't Get AIG Coverage For $18M Scam

Law360, New York (October 01, 2013, 5:06 PM ET) -- A New York state appeals court ruled Tuesday that a computer insurance fraud policy an American International Group Inc. subsidiary provided to health insurer Universal American Corp. covered hackers but not an $18 million Medicare fraud.

The appeals court said a lower court properly interpreted the policy issued by National Union Fire Insurance Co. of Pittsburgh, Pa. and modified the lower court's order to declare that the insurance policy does not cover Universal American's loss from the fraud.

“The court correctly found that the unambiguous plain...
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