Live Insurance News

Pet insurance company goes public

July 24, 2014July 22, 2014 Julie Campbell

Things to consider when searching for pet insurance

Trupanion Inc. has now started trading on the New York Stock Exchange and is off to a strong start. At a time in which pet insurance is truly beginning to take off throughout Europe – though not yet as much in the United States – an insurer has now gone public in the U.S., and its initial successes appear to reflect the opinion of investors that Americans are ready to start purchasing coverage for their dogs and cats in considerably larger numbers. At the moment, only about 2 percent of…

Pet insurance company names winner of “most unusual claim” contest

April 18, 2014April 15, 2014 Julie Campbell

A cat in Middletown, Delaware named Lewes was given this month’s title. A two year old cat named Lewes, who is owned by the Racelis family in Middletown, Delaware has now earned a rather unique form of recognition, as his pet insurance company named his circumstance as having the “Most Unusual Claim of the Month” after he was required to undergo an emergency surgery in order to extract a foam dart out of his small intestine. The insurer hands the title out to the oddest claim that is made each…

Pet insurance is helping more pets survive cancer

March 6, 2014March 4, 2014 Julie Campbell

According to Aquarium, a software provider for insurers, coverage is contributing to animal survival. According to pet insurance software company, Aquarium, companion animals such as cats and dogs are surviving cancer at a notably higher rate because of the treatments that their owners can afford through their coverage. This has created a direct link between animal health coverage and their cancer survival rate. For the majority of animal owners who do not have coverage, being able to afford cancer treatment for their beloved furry friends would be cost prohibitive. However,…

Holiday pet insurance survey reveals spending explosion

December 27, 2013December 27, 2013 G. Turner

Petplan has released the results of its research, which have shown that furry friends celebrate Christmas, too. According to the results of a holiday pet insurance survey that was conducted by Petplan, the majority of animal companion owners would be buying gifts and other Christmas related products for their beloved fuzzy friends to make sure that they aren’t left out of the season’s celebrations. The survey included the participation of 5,385 people who owned cats, dogs, and other animals. What this holiday pet insurance research revealed was that the average…

Pet insurance remains unpopular despite rising vet costs

August 29, 2013March 1, 2014 Julie Campbell

The expense associated with companion animals health care is growing, but many owners don’t buy coverage. It wasn’t very long ago that veterinary costs were quite affordable and pet insurance was relatively unnecessary, as the health care that was provided to animals was relatively limited and somewhat low-tech. Times have rapidly been changing and the cost of providing health care to animals has been skyrocketing. As a growing number of people consider their animal companions to be nothing less than furry family members and expect them to be able to…

Pet insurance is among the most popular American worker benefits

July 16, 2013July 13, 2013 Julie Campbell

A growing number of businesses are now subsidizing and discounting the cost of the coverage for their employees. The trend for companies to offer their workers pet insurance as a part of their benefits packages is a growing one, as people increasingly feel that their animal companions are members of the family. Businesses across the country are working to make themselves more attractive to talented workers. One in three Fortune 500 companies offers plans from Veterinary Pet Insurance (VPI), the oldest and largest animal health insurer in the United States.…

Pet insurance for elderly dogs proves to have challenges

June 21, 2013June 18, 2013 H. Cutner

As animals start to age, premiums for these policies can start to rise, but the coverage may still be worthwhile. As a growing number of animal owners are buying pet insurance to help to cover the cost associated with veterinary care, many are discovering that premiums rise quite substantially as that beloved pooch ages and are taking the risk of cutting off their coverage at precisely the time that it is most likely to pay off. Though the premiums do increase many owners are now finding themselves faced with an…