West Virginia Product Liability Insurance Profitability (2023)

In 2023, Product Liability insurers earned $10.9M in premiums in West Virginia and ran a 6.4% loss ratio — the 47th-highest of 51 states (one of the lowest loss ratio for the line).

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

West Virginia loss ratio

6.4%

42.9% below national

Premiums earned

$10.9M

Underwriting profit

41.9%

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

Getting Product Liability coverage in West Virginia

See recent West Virginia rate filings on the West Virginia rate page, 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.