Live Insurance News

Pet Insurance Fraud in the US: A Growing Problem Impacting Policyholders and Pets

March 21, 2025March 21, 2025 G. Turner

Pet insurance, once a trusted safety net for unexpected vet bills, is now facing an unsettling challenge in the United States. Fraud within the industry is on the rise, and its implications stretch far beyond the perpetrators and insurers. With insurance fraud costing Americans $308.6 billion annually—that’s $932 for every single person in the US each year—we’re not talking about pocket change. Fraudulent pet insurance claims, in particular, are compounding industry challenges and hitting honest pet owners where it hurts most—in their wallets and their trust. From exaggerated claims to…

Connecticut’s Proposed Dog Breed Insurance Bill Sparks Debate

February 28, 2025February 27, 2025 Live Insurance News

Lawmakers in Connecticut are pushing for a new bill that could change how insurance companies treat homeowners and renters with dogs. This legislation seeks to address a long-standing concern among dog owners—discrimination based on their pet’s breed. If passed, the law would prohibit insurance companies from penalizing policyholders or altering premiums solely because of the breed of dog on the property. It also includes protections for service animals in training, offering a broader scope of fairness for dog owners across the state. Breaking Down the Proposed Insurance Bill The bill,…

This Insurance Law Could Keep Pets Out of Shelters and in Loving Homes

February 13, 2025February 12, 2025 Angela Linders

Hawaii’s Bold Move to Protect Pet Owners Hawaii is taking a significant step toward addressing the challenges pet owners face in securing rental housing. Senate Bill 416, currently making its way through the state legislature, seeks to prohibit landlords from banning pets in rental properties. The bill offers a compromise by requiring tenants to carry liability insurance to cover any damages caused by their pets. This legislation could transform how renters and landlords coexist, not only in Hawaii but across the nation. What Does Senate Bill 416 Propose? Senate Bill…

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

February 6, 2025February 4, 2025 Tate Ellison

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…

Pet Insurance Gets a Facelift in California with The Latest Legislation

October 2, 2024September 30, 2024 Marc

In a significant move towards better pet care and protection for pet owners, California Governor Gavin Newsom recently signed two pivotal bills aimed at reforming the state’s pet insurance industry and enhancing veterinary services. These legislative actions promise to bring about much-needed transparency and accessibility in pet healthcare. SB 1217: Enhancing Transparency in Pet Insurance Introduced by State Senator Steven Glazer, SB 1217 is a groundbreaking piece of legislation designed to reform the opaque pet insurance market. The bill mandates that pet insurers provide clear and comprehensive information regarding coverage…

From Whiskers to Warthogs: The Wild World of Unusual Pet Insurance Claims

August 30, 2024August 29, 2024 Marc

Pet insurance might sound like a serious business, but when you delve into the world of claims, it’s anything but dull. From mischievous mutts to curious kittens, our furry friends seem to have an uncanny knack for getting into the most bizarre predicaments. Let’s explore some of the most unusual pet insurance claims that have left both pet owners and insurers scratching their heads. The Case of the Golden Retriever and the Golden Ring Meet Max, a lovable golden retriever who quite literally has a taste for the finer things…

What kind of animals does exotic pet insurance cover?

June 25, 2024June 24, 2024 H. Cutner

Coverage for cats and dogs is commonplace, but what about other animal family members? Exotic pet insurance might sound like it’s intended for animals such as tigers or pythons, but it’s actually the type of policy intended for common animals aside from dogs and cats. Many people keep animals such as birds and rodents By purchasing exotic pet insurance, animal owners can carry the same type of veterinary care coverage enjoyed by dogs and cats. This means that owners will have financial protection in case that animal is unexpectedly sick…