Live Insurance News

Nationwide Insurance prepares to name the Hambone Award 2019 winner

October 18, 2019October 16, 2019 Logan B.

Hambone Award 2019 - dog in veterinary clinic

The insurer holds this event every year and has asked the public to vote on the weirdest pet related claim. Nationwide is holding its Hambone Award 2019 event and has asked the public to vote on the top strange pet insurance claim of the year. The insurer’s award is an annual event that honours the pet with the weirdest insurance claim. The Hambone Award 2019 already has its finalists, but the winner has yet to be named. The award started in 2009. It was named after the first winner, which…

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…

British pet insurance payouts reach record £785 million level

April 22, 2019April 19, 2019 G. Turner

Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of claims filed by policyholders actually fell, said the Association of British Insurers (A.B.I.). The industry trade body pointed to a rising cost of complex veterinary care to explain the payment size. The A.B.I. underscored the increasing cost associated with sophisticated medical care to…

Pet insurance popularity takes off, covers over 2 million in North America

May 4, 2018May 3, 2018 H. Cutner

The industry has now reached the $1 billion point, according to a new NAPHIA report. As pet insurance popularity grows as it never has before, it has now become a $1 billion industry, says a North American Pet Insurance Association (NAPHIA) report. The report states that the average year over year growth rate has been nearly 17 percent, says the 2018 NAPHIA State of the Industry Report (SOI). This year also represented the first time the industry surpassed the $1 billion threshold. Pet insurance popularity drove the industry’s gross written…

Bullmastiff that ate a spatula wins weirdest pet insurance claim award

October 3, 2017October 4, 2017 Marc

A dog from Lake Charles, Louisiana won the award by consuming the kitchen utensil. A Nationwide pet insurance claim involving a dog that ate a spatula might have been scary at the time, but ended up being an award-winning tale. The owners of the unfortunate pooch were relieved to have an insurance policy to pay for their dog’s care. The Lake Charles, Louisiana bullmastiff won the insurer’s most unusual pet insurance claim of the year award for 2017. This was certainly good news after the poor dog was required to…

Companies use pet insurance benefits to draw talent

June 9, 2017June 7, 2017 Marc

kitten veterinarian pet insurance benefits

Now that cats and dogs are just furry family members, affordable animal health care has become a priority. A recent report in the New York Times showed that pet insurance benefits are becoming a staple offering for drawing skilled employees and encouraging them to stay. While pet insurance is already a growing trend in the United States, employer-sponsored benefits are also taking off. In fact, employer sponsored pet insurance benefits is among the most rapidly growing veterinary medicine trends. These include plans that cover only cats and dogs as well…

Pet insurance company unveils top 2016 claims for dogs and cats

December 30, 2016December 28, 2016 Julie Campbell

Healthy Paws has revealed the most expensive payouts it made for veterinary bills this year. The Healthy Paws pet insurance company has now revealed the top claims made for cats and dogs this year. Families found themselves making claims to cover veterinary bills for unexpected emergencies, incidents and illnesses for their furriest members. With high levels of veterinary care can come exceptionally large bills that owners need to pay. These days, dogs and cats aren’t just pets. They are indeed members of the family and their human parents will go…