Day: February 6, 2025

State Farm, Allstate, and the New Goldmine in Pet Insurance

Tate Ellison
Pet insurance

Pet Insurance Market Growth Accelerates: A Look Ahead When most people think about insurance, their minds turn to health, auto, or homeowners’ coverage. But a fast-emerging segment is poised to redefine the industry—and it’s for our furry friends. The pet insurance market is rapidly expanding, reflecting a growing trend in how people prioritize their pets’ health. According to Metatech Insights, this market generated $10.8 billion in premiums in 2024 and is set to soar to $38.3 billion by 2035 at an annual growth rate of 12.2%. This dramatic shift highlights…

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Legislative Reforms and New Programs Drive Florida’s Insurance Rate Reductions

H. Cutner
Florida Insurance Rate Reductions

Florida Insurance Market Relief Gains Momentum Floridians may experience meaningful financial relief as recent insurance rate reductions are announced for both homeowners and drivers. While the newly proposed budget for fiscal year 2025-26 includes additional measures to lower costs moving forward, the current savings are largely the result of older legislative reforms that are only now beginning to yield results. Impact of Older Legislative Reforms Recent decreases in insurance rates can be traced back to a series of reforms passed across previous years aimed at addressing deep-seated issues in Florida’s…

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