The industry has now reached the $1 billion point, according to a new NAPHIA report. As pet insurance popularity grows as it never has before, it has now become a $1 billion industry, says a North American Pet Insurance Association (NAPHIA) report. The report states that the average year over year growth rate has been nearly 17 percent, says the 2018 NAPHIA State of the Industry Report (SOI). This year also represented the first time the industry surpassed the $1 billion threshold. Pet insurance popularity drove the industry’s gross written…
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Bullmastiff that ate a spatula wins weirdest pet insurance claim award
A dog from Lake Charles, Louisiana won the award by consuming the kitchen utensil. A Nationwide pet insurance claim involving a dog that ate a spatula might have been scary at the time, but ended up being an award-winning tale. The owners of the unfortunate pooch were relieved to have an insurance policy to pay for their dog’s care. The Lake Charles, Louisiana bullmastiff won the insurer’s most unusual pet insurance claim of the year award for 2017. This was certainly good news after the poor dog was required to…
Read MoreCompanies use pet insurance benefits to draw talent
Now that cats and dogs are just furry family members, affordable animal health care has become a priority. A recent report in the New York Times showed that pet insurance benefits are becoming a staple offering for drawing skilled employees and encouraging them to stay. While pet insurance is already a growing trend in the United States, employer-sponsored benefits are also taking off. In fact, employer sponsored pet insurance benefits is among the most rapidly growing veterinary medicine trends. These include plans that cover only cats and dogs as well…
Read MorePet insurance company unveils top 2016 claims for dogs and cats
Healthy Paws has revealed the most expensive payouts it made for veterinary bills this year. The Healthy Paws pet insurance company has now revealed the top claims made for cats and dogs this year. Families found themselves making claims to cover veterinary bills for unexpected emergencies, incidents and illnesses for their furriest members. With high levels of veterinary care can come exceptionally large bills that owners need to pay. These days, dogs and cats aren’t just pets. They are indeed members of the family and their human parents will go…
Read MorePet insurance policies are increasingly commonplace as employee benefits
Employers are seeking to draw younger talent by offering them unique additional forms of coverage. Companies that are looking for the best talent find themselves facing a great deal of competition and pet insurance policies are often used to help them to shine above rivals. Today’s younger workers don’t necessarily want the same benefits as those ten years or a generation older. Health insurance isn’t covering as much but plans with more coverage are very expensive for businesses. Over the next month, many companies are adding other types of benefits…
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