Live Insurance News

Some consumers are adding pet insurance to winter preparations

December 20, 2022December 18, 2022 Logan B.

US animal owners are increasingly purchasing health coverage for their cats and dogs this season. Though pet insurance can provide financial protection to dog and cat owners at any time of year in case of an illness or injury, this year, purchasing coverage has become a bit of a winter prep trend. This time of year is among the most hazardous to cats and dogs due to weather and celebrations. For years, pet insurance companies have issued animal safety recommendations to cat and dog owners in the hopes of helping…

Petline and NFP collaborate on new US pet insurance

November 21, 2022November 18, 2022 H. Cutner

Pet insurance - Person with dog looking at computer

The companies have come together to offer a new line of coverage products for animal owners to buy. The Petline pet insurance company has teamed up with leading property and casualty broker NFP to offer a new line of products to cover cats and dogs and give US animal owners peace of mind. The insurer has been active in the market since 1989 and describes itself as a leader in that category. The Petline flagship pet insurance brand, Petsecure, offers owners a spectrum of different solutions to fit the individual…

Trupanion reminds owners to avoid pet insurance claims with hot weather tips

July 23, 2021July 22, 2021 Julie Campbell

Pet insurance claim - dog in summer wearing shades

The insurer has issued a list of tips to keep pets safe and cool throughout the hottest time of the year. With the heat of summer fully underway, Trupanion is hoping that animal owners will use these common-sense pet insurance claim avoidance tips to keep their furry family members safe. The insurer sees a summer spike in heatstroke claims 4.5 times higher than the yearly average. During the months of June, July and August, pet insurance claims explode as animal owners take their beloved animals to the vet for heatstroke…

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…

Generation X buys more pet insurance policies than any other generation

July 10, 2019July 8, 2019 Marc

pet insurance policies - dog with head cone

Most people who purchase veterinary health plans for their furry family members have age in common. The average age of people who have purchased pet insurance policies is 43 years old. Moreover, those with coverage for their dogs and cats often have other features in common, too. Most people who have this coverage receive it through their employers and are married. The stats were presented by EverythingBenefits, following an analysis of demographic data regarding workers using the pet insurance policies offered as a part of the benefits provided by their…

Trupanion pet insurance company slammed with $100k fine

June 28, 2019June 26, 2019 H. Cutner

Trupanion pet insurance - Gaval - Judge - Fine

The Seattle-based insurer is being sanctioned by the commissioner’s office for the third time in four years. For the third time since Insurance Commissioner Mike Kreidler took office four years ago, his office has sanctioned Trupanion pet insurance. The animal health insurance company was fined for a number of different behaviors and activities. Trupanion Managers USA, a unit of the publicly traded Trupanion pet insurance company, was fined for a number of its marketing activities. These include: • Paying an unlicensed website for pet insurance marketing and lead generation, •…

British pet insurance payouts reach record £785 million level

April 22, 2019April 19, 2019 G. Turner

Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of claims filed by policyholders actually fell, said the Association of British Insurers (A.B.I.). The industry trade body pointed to a rising cost of complex veterinary care to explain the payment size. The A.B.I. underscored the increasing cost associated with sophisticated medical care to…