Ramaco wins $30.0M jury verdict against Chubb in Elk Creek silo insurance coverage suit

Ramaco Resources, Inc.

Jury awarded Ramaco LLC $27.5M for net economic loss and $2.5M for aggravation and inconvenience; judgment entered September 25, 2026 in S.D. West Virginia.
Attorney's fees, the third damages element, were not decided by the jury and will be determined by the Court; total verdict stated at $30.0 million.
Defendants Federal Insurance Company and ACE American Insurance Company (Chubb units) have 28 days to file post-trial motions and 30 days from final judgment to appeal.
Dispute stems from November 2018 partial collapse of a raw coal storage silo feeding the Elk Creek preparation plant; Ramaco LLC sued in August 2019.
2021 verdict of $7.7M contract damages plus $25.0M Hayseeds award was reduced to $1.8M, reinstated on appeal in 2023 with Hayseeds retried; contract damages already paid.

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