Ramaco Resources Awarded $30 Million Jury Verdict in Insurance Coverage Litigation
Ramaco Resources' subsidiary secured a $30 million jury verdict against insurers in a dispute over a coal silo collapse. The award includes damages for economic loss and inconvenience.
Ramaco Resources, Inc. announced that a federal jury has awarded $30 million in damages to the company's subsidiary, Ramaco LLC, in an insurance coverage lawsuit against Federal Insurance Company and ACE American Insurance Company.
The litigation stemmed from the denial of Ramaco LLC's insurance claim following a partial structural failure of a raw coal storage silo at the company's Elk Creek preparation plant in November 2018. Ramaco LLC filed suit in August 2019 seeking coverage under its policy.
On September 25, 2026, following a new trial on damages, the jury determined that Ramaco LLC should be awarded $2.5 million for aggravation and inconvenience and $27.5 million for net economic loss.
The court entered judgment in favor of Ramaco LLC. The jury's verdict resolved two of three elements of damages; attorney's fees remain to be determined by the court. The defendants may file post-trial motions and have 30 days to appeal the judgment.