Trupanion Pays DVM360 for “#1 in America Chosen by Vets” Badge For Second Year In A Row
Seattle-based, “vet-centric” pet insurer Trupanion’s leaders often like to underscore that the company does not participate in “pay to play” […]
Seattle-based, “vet-centric” pet insurer Trupanion’s leaders often like to underscore that the company does not participate in “pay to play” […]
“Martha Stewart” Pet Food has the blessing of veterinarians – but which ones? Ms. Stewart deserves credit for being the […]
FDA spokesperson Anne Norris alerted reporters late Wednesday afternoon to inform them that the agency was issuing an “advisory” in […]
A must-read pet insurance deep dive from the preeminent Gretchen Morgenson citing a bit of our Trupanion reporting. Thank you […]
Jean Dodds is back in the spotlight. That’s because The Canine Review is reviving the deluge of public records […]
Trupanion’s pet food venture Landspath involved millions of dollars in start-up costs (insiders estimate total amount spent is north of […]
Today, Yale Law School’s Media Freedom and Information Access Clinic filed an appeal letter on behalf of TCR and Emily […]
Trupanion launched a redesign of its website nearly two weeks ago, and it is not going well. Here’s a screen […]
Per Elanco (NYSE: ELAN) spokeswoman Colleen Dekker: “Finally vindicated,” Elanco’s spokeswoman Colleen Dekker told TCR late yesterday. She added: “EPA […]
Trupanion’s complaint asserts:
“As of January 1, 2023-the effective date of the Maine Pet Insurance Act-the Bureau of Insurance has prohibited Trupanion and other pet insurance companies from deferring the effective date of policies issued in Maine. As a result, to avoid the anti-selection effect of certain consumers using the prohibition on waiting periods to obtain coverage for accidents that already occurred, Trupanion is requiring that consumers must have their pet examined by a veterinarian before the policy takes effect. Other insurers have largely pulled out of the market in Maine altogether including Nationwide, which along with Trupanion constitutes half the market share of the industry.”
With many more states set to enact similar laws starting January 1, 2024, this will inevitably draw attention to EDO’s. And, so, Maine seems to be the tip of an iceberg, with a larger battle looming for Trupanion, which would challenge the entire business model itself as more states pass similar legislation banning waiting periods and put Trupanion into an EDO-only revenue model, thereby putting the spotlight on the EDO and — its legality.
If territory partners (independently contracted local sales agents critical to Trupanion’s vet-centric business model) need to be licensed just to visit vet hospitals and educate vet professionals about pet insurance, how does Trupanion explain a system of relying upon vet hospital staff to introduce Trupanion and educate consumers about the EDO without being licensed?