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A sign outside of Uber's headquarters in San Francisco. (Photo: Jason Doiy/ALM) A sign outside of Uber’s headquarters in San Francisco. (Photo: Jason Doiy/ALM)

James River Insurance Company faces a securities class-action lawsuit that claims the insurer miscalculated and misrepresented the risk involved in a contract to provide ride-share insurance policies to Uber Technologies.

On October 8, 2019, James River disclosed that it had delivered a notice of early cancellation of all policies issued to Uber, its largest client, amounting to more than 25% of the company’s premiums in 2019.

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