Insurer James River’s stock craters after it cancels all policies issued to Uber unit
October 09, 2019 at 10:31 AM EDT
Shares of insurer James River Group Holdings Ltd. tumbled 22% Wednesday, putting them on track for their biggest one-day percentage decline since February of 2018, after the insurer said it plans to cancel all policies issued to its biggest customer, Uber’s commercial auto business Raiser LLC.
