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Federal jury awards $30M to Ramaco LLC from insurers over Elk Creek plant claim denial
METCRamaco Resources, Inc.
Ramaco Resources, Inc. announced that a federal jury returned a verdict on September 25, 2026, awarding $30.0 million in damages to its subsidiary, Ramaco LLC, in an insurance coverage lawsuit against Federal Insurance Company and ACE American Insurance Company. The verdict addresses Hayseeds damages arising from the insurers' wrongful denial of a claim related to a November 2018 structural failure at the Elk Creek preparation plant's raw coal storage silo. The jury awarded $27.5 million for net economic loss caused by settlement delays and $2.5 million for aggravation and inconvenience. Attorney’s fees remain undetermined by the court. Defendants have 30 days to file a notice of appeal following post-trial motions. Ramaco Resources, Inc. operates in the metallurgical coal mining industry.