Ramaco Resources Wins $30M in Insurance Coverage Case

By Bobby Samwell • Monday, September 28 13:04 • Permanent Link

Ramaco Resources said a federal jury awarded its subsidiary, Ramaco Resources LLC, $30.0 million in damages in its insurance coverage case against Federal Insurance and ACE American Insurance, both Chubb subsidiaries.

The verdict, returned on Sept. 25, 2026, split the award into two parts:

$2.5 million for aggravation and inconvenience
$27.5 million for net economic loss

The court entered judgment for Ramaco on the same date. The jury did not decide the third damages element, attorney’s fees, which will be determined by the court.

The dispute stems from Chubb’s denial of Ramaco’s insurance claim after a partial structural failure of a raw coal storage silo at the company’s Elk Creek preparation plant in November 2018. Ramaco filed suit in August 2019.

Ramaco said the case now moves to the post-trial stage, with defendants able to file motions within 28 days of judgment and a notice of appeal within 30 days of final judgment. Following these announcements, the company's shares moved -1.31%, and are now trading at a price of $9.02. For more information, read the company's full 8-K submission here.

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