Overview

• American Transit Insurance Company voluntarily dismissed its federal RICO lawsuit against Dr. Emmanuel “Manny” Hostin with prejudice.
• The insurer agreed to pay all outstanding invoices submitted by Hostin to resolve the disputed billing claims.
• American Transit expressed deep regret for any public speculation against Hostin, his wife Sunny, or their children stemming from the allegations.
• Hostin, accused over his minority stake in a Manhattan surgical center among nearly 200 defendants, denied wrongdoing and faced threats of a $5 million countersuit from his attorneys.
• The case underscores intensified scrutiny of alleged no-fault insurance fraud and mounting financial pressures on carriers covering ride-share and taxi operators.