New York Medical Professional Liability Insurance Profitability (2023)

In 2023, Medical Professional Liability insurers earned $1.8B in premiums in New York and ran a 69.6% loss ratio — the 13th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

New York loss ratio

69.6%

12.0% above national

Premiums earned

$1.8B

Underwriting profit

-14.9%

Nationally, Medical Professional Liability ran a 57.6% loss ratio in 2023, so New York is above the national average. See how every state compares on the Medical Professional Liability market page.

Getting Medical Professional Liability coverage in New York

See recent New York rate filings on the New York rate page, learn how Medical Professional Liability works in our Medical Professional Liability guide, then compare real quotes for your business.

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Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.