Live Insurance News

Lemonade pet insurance launches for the first time

July 16, 2020July 15, 2020 G. Turner

The online insurer is using this move to take itself into an entirely new coverage space. Lemonade pet insurance launched this week, taking the company into a new product category. This represents the company’s first step into a new vertical since 2016 when it first began offering its renters and homeowners insurance policies. Nearly three quarters of the company’s current policyholders are also pet owners. Approximately 70 percent of existing customers with the insurer own animals. That said, only about 1 to 2 percent of owners in the United States…

State Farm pet insurance launched for dogs and cats through Trupanion

May 26, 2020May 22, 2020 G. Turner

The coverage will protect animal owners against many veterinary costs for their furry family members. State Farm pet insurance has been launched through a partnership with Trupanion to provide animal owners with the opportunity to purchase medical coverage for their fuzzy friends. Dogs and cats are regularly considered to be non-human family members, but veterinary care is expensive. As Americans become increasingly attached to their pets, the world of veterinary medicine has skyrocketed forward. Animal owners demand the type of medical care they would otherwise expect for their human family…

No growth in pet health insurance claims for respiratory issues

May 1, 2020April 30, 2020 Nordstrom

Trupanion has been monitoring the nature of claims for cats and dogs through the pandemic. Trupanion, the pet health insurance company based in Seattle, has stated that it is monitoring the types of claims it is receiving. As of yet, it has not noticed an increase in claims relating to respiratory issues in cats and dogs. The insurer has been watching for changes in claims of that nature since the start of the pandemic. Back in March, the company released a statement that there were “no unusual increases or changes…

Lemonade pet insurance products are in the making

February 20, 2020February 19, 2020 Marc

The homeowners and contents policy provider will be expanding into an all new market. Lemonade pet insurance is about to become the next offering from the industry disrupting homeowners and contents insurer. The company has managed to raise $480 million and is now set to cover cats and dogs. It is not yet clear when the Lemonade pet insurance policies will start selling. So far, the insurer has announced its intentions to step into that category. It is also making its way through the regulatory process of selling coverage for…

Nationwide announces new bird and exotic pet insurance product

January 23, 2020January 22, 2020 Julie Campbell

Americans keep many animals other than dogs and cats in their homes and want coverage for them. Nationwide recently announced the launch of a new type of bird and exotic pet insurance plan. It acknowledges that there are many other types of animal friends in American homes than dogs and cats. The coverage is designed to protect legal pets that may require veterinary care in their lifetimes. Current estimates show that about 15 percent of American pet owners have an exotic animal or a bird. These can include anything from…

Cat takes this year’s Nationwide pet insurance weirdest claim prize

November 1, 2019October 31, 2019 Julie Campbell

Nationwide pet insurance - brown tabby cat

The injured animal has become the 2019 winner of the insurer’s annual Hambone Award. Though everybody thinks their own animal stories are weird, Nationwide pet insurance uses its claims and consumer votes to discover whose is the weirdest each year. This year, policyholder Andrea Brannen’s cat, Minnow, took the top prize for weirdest insurance claim. As reported last week on Live Insurance News, the Hambone Award at Nationwide pet insurance is awarded to the dog or cat with the strangest claim in the previous 12 months. The award was named…

Nationwide Insurance prepares to name the Hambone Award 2019 winner

October 18, 2019October 16, 2019 Logan B.

Hambone Award 2019 - dog in veterinary clinic

The insurer holds this event every year and has asked the public to vote on the weirdest pet related claim. Nationwide is holding its Hambone Award 2019 event and has asked the public to vote on the top strange pet insurance claim of the year. The insurer’s award is an annual event that honours the pet with the weirdest insurance claim. The Hambone Award 2019 already has its finalists, but the winner has yet to be named. The award started in 2009. It was named after the first winner, which…