New York Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $315.1M in premiums in New York and ran a 72.1% loss ratio — the 10th-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
72.1%
22.8% above national
Premiums earned
$315.1M
Underwriting profit
-10.4%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so New York is above the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in New York
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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.