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Insurance

Apr. 26, 2024

Insurers seek to recoup settlement costs from Uber

The plaintiffs, both underwriters with Lloyds' of London, argue they are under "no obligation" to honor their policy with the rideshare giant.

Two insurance underwriting companies sued Uber, Technologies Inc. in San Francisco Superior Court on Thursday, seeking reimbursement for $29.9 million in settlement and litigation fees they paid to the rideshare company in furtherance of an insurance policy they no believe they had "no obligation" to honor.

The two plaintiffs are both underwriters for Uber's insurance policy with Lloyd's of London, one of the world's leading insurance providers, and "con...

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