pet insurance News

Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market

When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer. The German company had just teamed up with a U.K. internet startup to …

Crum & Forster Pet Insurance Group Launches Companion Horse Insurance

Crum & Forster Pet Insurance Group has launched a new product for the equine industry that provides veterinary care insurance for companion horses – typically only available for race or performance horses. Policies will be underwritten by United States Fire …

Petplan Australasia Announces Affiliation with MS Amlin

Petplan Australasia announced that MS Amlin Syndicate 2001 of Lloyd’s will become the new underwriter of its pet insurance plans in Australia – a move that is designed to enhance policyholder benefits with broader coverage and more plan choices. Petplan …

RSA Insurance Invests in UK Dog Care Fintech Company, Pitpatpet

RSA Insurance has made its first external investment in a fintech company, Pitpatpet Ltd., the Cambridge, England-based creator of the PitPat dog activity monitor and dog care intelligence data platform. PitPat attaches quickly and securely to a dog’s collar where …

Economical Completes Purchase of Canada’s Largest Pet Insurer

Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced the completion of its previously announced acquisition of Western Financial Insurance Co. (WFIC) and its flagship brand Petsecure from Desjardins Group. Concurrent with the acquisition, WFIC changed …

Washington Commissioner Fines Pet Insurer for Violating State Laws

Washington Insurance Commissioner Mike Kreidler has fined a pet insurance company $150,000 for violating state laws. Kreidler sayid his agency issued fines in July against American Pet Insurance, which goes under the name Trupanion. It’s based in New York. Most …

Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.

Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and its flagship brand Petsecure. WFIC is Canada’s largest pet insurance company with net …

West Virginia Dog Wins Award for Most Unusual Pet Insurance Claim

A dog that ate a barbecue skewer has won a national competition for most unusual pet insurance claim. The Bluefield Daily Telegraph reports that the 5-year-old Boxer named Curtis beat out 11 other pets in online voting for Nationwide’s Hambone …

Pet Insurance Outpaces Accident-Health in Sales Growth

Maria Makara didn’t hesitate to insure her two new dogs. That’s because they’re family. Her previous pet, a Yorkshire terrier, died in 2013 after contracting pancreatitis and Cushing’s disease. Makara ended up paying $4,000 for treatments and tests in the …

N.J. Commissioner Offers Consumer Tips for Selecting Pet Insurance

New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski this week advised pet owners to carefully review their options before purchasing pet health insurance and pet injury coverage. “Pet insurance plans may not make sense for every pet owner, …