Ramaco Resources Wins $30 Million Jury Verdict Against Chubb Over Insurance Coverage Dispute
A federal jury awarded Ramaco Resources, LLC a $30 million verdict in its insurance coverage lawsuit against subsidiaries of Chubb. The case stemmed from the denial of an insurance claim following a coal silo collapse at Ramaco's Elk Creek preparation plant in November 2018. After a trial held in West Virginia, the jury ruled that damages for aggravation and inconvenience totaled $2.5 million, while net economic losses amounted to $27.5 million. The verdict resolves two of three damage elements; attorney’s fees will be decided separately by the court. Chubb has 30 days from judgment entry on September 25, 2026, to file an appeal and may submit post-trial motions within 28 days. Ramaco's CEO praised the jury for recognizing the harm caused by the insurance carriers' delay in processing a legitimate claim. Ramaco operates metallurgical coal mines across Appalachia and is exploring critical minerals projects in Wyoming.
Tickers: $METC
Topics: damages insurance coverage lawsuit