Live Insurance News

Nationwide Insurance to End Coverage for Pet Policies in Major Overhaul

June 18, 2024June 17, 2024 G. Turner

Nationwide Insurance Cancels Pet Insurance Coverage

Nationwide Insurance to Non-Renew Pet Insurance Policies In a surprising move, Nationwide Insurance has announced it will be non-renewing approximately 100,000 pet insurance policies across the United States. The decision, attributed to the rising costs of veterinary care and other financial pressures, was disclosed in a company statement on June 14. The announcement has left many pet owners scrambling, especially those with pets suffering from pre-existing conditions. Nationwide, which began its pet insurance operations under the name Veterinary Pet Insurance (VPI) in 1982, has long been a leader in the…

State Farm releases poison prevention tips to reduce pet insurance claims

March 30, 2022March 30, 2022 G. Turner

The insurer published a number of safety recommendations to assist cat and dog owners. State Farm and Trupanion recently released a list of advice for pet insurance customers to help them to prevent accidentally poisoning their cats and dogs. There are many things that animal owners can do to help ensure poisons are kept well out of reach. The insurers recommend that pet insurance customers begin by looking around their homes and other areas where their furry family members will be spending time. They should try to spot potential dangers…

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…

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, •…

National Puppy Day reminds dog owners of the importance of pet insurance

March 25, 2019March 24, 2019 H. Cutner

Saturday was an ultra-cute opportunity to look at the difference these animals make in our lives. Saturday was National Puppy Day and across the country, dog owners and dog lovers took the opportunity to appreciate how important these animals are to us and the difference we can make to them, too. Increasingly dogs are seen as furry family members as opposed to being animal possessions. The last couple of decades have marked a strong difference in the way we think of our pets. They are beloved companions, but what they…

The North American pet insurance industry is finally taking off

May 21, 2015May 20, 2015 Julie Campbell

Trupanion recently released a report that showed that it has been experiencing considerable growth in revenues. Although pet insurance is carried by a small minority of dog and cat owners, the current trend has shown that the number of people who have coverage for their beloved animals is starting to grow in a very meaningful way. The market is on the rise and insurance companies are looking to take advantage of this revenue stream. In the example of Trupanion, a pet insurance company from Seattle, the 2015 first quarter earnings…