Live Insurance News

Washington state introduces new rules for pet insurance providers

April 17, 2023April 13, 2023 Marc

A new law will require that insurers adhere to stricter regulations when covering animals. Washington state has passed a new law that will require that pet insurance providers to comply with stricter rules. These new rules will include establishing a new standard to define precisely what a pre-existing condition is if an insurer intends to use it to deny a claim. Vagueness in definitions of terms such as pre-existing conditions will need to be clarified. Washington Governor Jay Inslee recently signed the coverage clarity bill into law, explaining that this…

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…

Japanese pet insurance market takes off due to high vet costs

June 13, 2018June 12, 2018 Nordstrom

Japanese Pet Insurance - Man with Cat in Japan

Veterinary bills are on the rise in Japan, sending dog and cat owners to buy policies to help cover expenses. Considerable advances in veterinary care have helped dogs and cats to live longer, boosting the Japanese pet insurance market well beyond where it was only a handful of years ago. Longer lives and improved veterinary care has sent the price of pet health care skyward. Since veterinary care now comes with a higher expense, Japanese pet insurance policies have taken off. The reason is that dog and cat owners are…

Pet insurance policies are increasingly commonplace as employee benefits

November 4, 2016November 2, 2016 Marc

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…

Pet insurance company releases strangest summertime claims info

July 17, 2012January 25, 2014 Live Insurance News

Pets Best identifies weirdest filings of the season. Every few months, the oddest pet insurance claims are identified by Pets Best, by its president and founder, Dr. Jack Stephens, who is as also a practicing veterinarian. The most recent summertime examples have now been released by the insurer. According to Dr. Stephens, “The accidents and dangers pets encounter never cease to amaze me.” He added that “We want pet owners to remember that as the weather warms and they’re spending more time outside, they should be extra cautious.” The pet…