Rhode Island Product Liability Insurance Profitability (2023)

In 2023, Product Liability insurers earned $13.9M in premiums in Rhode Island and ran a 88.0% loss ratio — the 6th-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.

Rhode Island loss ratio

88.0%

38.7% above national

Premiums earned

$13.9M

Underwriting profit

-56.1%

Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Rhode Island is above the national average. See how every state compares on the Product Liability market page.

Getting Product Liability coverage in Rhode Island

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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.