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…
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Walmart pet insurance launched as pandemic animal adoptions spike
The retailer is offering coverage through Petplan and is also offering the Rover feature for services. Beyond buying kibble and leashes at the retailer, customers can now purchase Walmart pet insurance to help cover veterinary costs in the case of unexpected illness or injury. The retailer spotted the appeal of the coverage as the pandemic has caused animal adoptions to skyrocket. The Walmart pet insurance is launched at the same time that the Rover service has become available to connect customers with services such as dog walkers and sitters. The…
Read MorePet insurance partnership begins between Petplan and AARP
The insurer has now announced a new deal with the American Association of Retired Persons. Petplan and the American Association of Retired Persons (AARP) have been in negotiations for “many years” but the pet insurance company and organization with 38 million+ members has now come to their “first exclusive” multi-year marketing deal. The pet health insurance company revealed that its strategy together will go into effect in October. According to Chris Ashton, a co-founder of the pet insurance company (the other being his wife Natasha Ashton), being able to communicate…
Read MoreHoliday pet insurance survey reveals spending explosion
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…
Read MorePet insurance company names new VP of Veterinary Channel Development
Petplan has just announced the naming of Steve Shell into this position. Petplan pet insurance has just revealed that it has named Steve Shell to the position of vice president of Veterinary Channel Development. Shell has over thirty years of experience within the industry of animal health in the United States. The top rated pet insurance company, as well as one of the most rapidly growing in the United States has recognized his experience and success at Invervet/Schering-Plough, Pfizer Animal Health, and Merck Animal Health, and took care to identify…
Read MoreTrupanion pet insurer raises $9 million to improve customer service and widen sales force
The Trupanion pet insurance company has raised $9 million in financing, with funding coming primarily from the Highland Consumer Fund, but also from Maveron, a venture capital firm from Howard Schultz. The insurer provides pet coverage to owners in Canada, Puerto Rico, and the United States. It provides coverage for 90 percent of medical care from a veterinarian should the protected pet be injured or fall ill. Premiums for a mixed-breed dog at three years old are typically around $40 per month. Trupanion explained that it intends to use the…
Read MoreVeterinary plastic surgery skyrockets
Recently released data from the largest pet insurance provider in the United Kingdom, Petplan, has shown that last year there were almost $2.5 million (1.5 million pounds) in claims made for dog and cat nose surgery. This represents an increase in 25 percent in this type of claims over the previous three years. Furthermore, that same insurer also paid more than $1.5 million for young dog eye lifts, and over $400,000 for household pet dental work. According to Petplan, the increase in veterinary plastic surgery makes it possible for pets…
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