Warrior Met Coal HCC Self Insurance Reserve Deductible Amount Per Claim
Self Insurance Reserve Deductible Amount Per Claim at other companies
Other financials
Where this comes from
Reported directly by Warrior Met Coal in its filing.
Tagged under the XBRL concept hcc:SelfInsuranceReserveDeductibleAmountPerClaim.
The source filing: Warrior Met Coal’s 10-K, filed February 13, 2025.
- Filed
- Feb 13, 2025
- Fiscal year
- FY2024
- Accession
- 0001691303-25-000010
The Company is responsible for medical and disability benefits for black lung disease under the Federal Coal Mine Health and Safety Act of 1969, as amended. Beginning on April 1, 2016 through May 31, 2018, the Company was insured under a guaranteed cost insurance policy, through a third-party insurance carrier, for black lung claims raised by any employee subsequent to the acquisition of certain assets of Walter Energy. Beginning on June 1, 2018 through May 31, 2020 and June 1, 2020 through May 31, 2024, the Company had a deductible policy where the Company is responsible for the first $0.5 million and first $2.0 million, respectively, for each black lung claim. Beginning June 1, 2024, the Company has a deductible policy where the Company is responsible for the first $2.0 million for each black lung claim.
Item 16. Form 10-K Summary
FAQ
- What is Warrior Met Coal's self insurance reserve deductible amount per claim?
- Warrior Met Coal (HCC) reported self insurance reserve deductible amount per claim of $2M in Q4 2024.
- How has Warrior Met Coal's self insurance reserve deductible amount per claim changed year-over-year?
- Warrior Met Coal's self insurance reserve deductible amount per claim increased by 100.0% year-over-year, from $1M to $2M.
- What is the long-term trend for Warrior Met Coal's self insurance reserve deductible amount per claim?
- Over 4 years (2020 to 2024), Warrior Met Coal's self insurance reserve deductible amount per claim has grown at a 18.9% compound annual growth rate (CAGR), from $1M to $2M.
- What does self insurance reserve deductible amount per claim mean?
- Self Insurance Reserve Deductible Amount Per Claim as reported by Warrior Met Coal, Inc..
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