Jury Finds Chubb Liable For Denied Coverage In The Amount Of $32.7 Million

By RJ Proie, Taylor DeVore & Padgett PC

A group of insurers indirectly owned by Chubb INA Holdings, Inc. was found liable to Ramaco Resources, LLC for denial of coverage for damage to a coal silo. The jury award was divided into $7,653,057 in compensatory damages and $25,000,000 to compensate the insured for “inconvenience and aggravation.” The insurers had denied coverage based on exclusions in the relevant policies for rust and wear and tear to property.

The insured indicated that it will additionally seek to recover costs and attorney’s fees. The case is docketed in the Southern District of West Virginia, Ramaco Resources, LLC v. Chubb INA Holdings, Inc. et al., Case No. 2:19-cv-00703.

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