The claim arose from Chubb’s denial of insurance coverage of damages suffered by the company from the collapse of a coal storage silo at its Elk Creek coal complex, in West Virginia in 2018.
Last week, the jury awarded Ramaco $7.7-million in compensatory damages and an additional $25-million for inconvenience and aggravation. The company cautioned that the verdict is not final and that it may be subject to post-trial motions or appeals.
Ramaco is an operator and developer of metallurgical coal in southern West Virginia, south-western Virginia and south-western Pennsylvania. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia.
The company has five active mines within two mining complexes.