Ramaco Resources wins $30.0 million jury verdict in Elk Creek insurance case
A federal jury awarded Ramaco Resources' subsidiary $30.0 million in damages on September 25, 2026, in its lawsuit against Federal Insurance Company and ACE American Insurance Company over a denied claim for a 2018 silo failure at the Elk Creek plant. The court entered judgment on the verdict, but attorneys' fees remain to be decided and the defendants may still challenge the award through post-trial motions or an appeal.
Key points
- Jury awarded $27.5 million for net economic loss and $2.5 million for aggravation and inconvenience.
- Judgment was entered on September 25, 2026, against Federal Insurance Company and ACE American Insurance Company.
- Attorneys' fees were not decided by the jury and will be determined by the Court.
- Defendants may file post-trial motions within 28 days of judgment and a notice of appeal within 30 days of the final judgment.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.