Ramaco Resources Wins $30 Million Jury Verdict in Insurance Dispute

08:14 AM EDT, 09/28/2026 (MT Newswires) -- Ramaco Resources (METC) said Monday a federal jury awarded its subsidiary $30 million in damages in an insurance coverage lawsuit against Federal Insurance and ACE American Insurance, both subsidiaries of Chubb (CB). The company said the lawsuit stemmed from a partial structural failure of a raw coal storage silo at its Elk Creek preparation plant in November 2018. Ramaco Resources sued the insurers in August 2019 after they denied its insurance claim. The award includes $27.5 million for net economic losses and $2.5 million for aggravation and inconvenience, the company said. The court entered judgment in favor of Ramaco Resources on Sept. 25. Attorney's fees, the remaining element of damages, will be determined by the court. The insurers can file post-trial motions within 28 days of the entry of judgment and have 30 days after final judgment to appeal, it added.