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Ramaco wins $30M in damages from Chubb over denied insurance claim for silo collapse

Market News
28 Sep 2026
PRNewsWire
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Bullish
Ramaco wins $30M in damages from Chubb over denied insurance claim for silo collapse

Ramaco Resources secured a $30 million jury verdict against Chubb Insurance for denying a claim related to a 2018 coal silo collapse. The damages include $2.5 million for aggravation and $27.5 million for economic loss. The court will decide on attorney's fees next, and Chubb may appeal. This ruling compensates Ramaco for delayed insurance payments after the silo failure at its Elk Creek plant.

Ramaco Resources, Inc. announces a $30 million jury verdict in insurance litigation. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 28, 2026 18:13 WIB: 7 of 38 priced US stocks rose, 29 fell. Notable prices include EXK at USD 8.79 (-6.39%), KGC at USD 23.75 (-5.19%), and WPM at USD 135.74 (-5.02%).

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