As early as January 2024, pet insurance carriers may be required to start answering detailed questions about everything from consumer complaints to litigation to non-renewals to claims denials. Market Conduct Annual Statement (MCAS) Subject Matter Expert (SME) Group is nearly finished drafting annual reporting requirements for pet insurance carriers. The latest draft can be downloaded […]
Trupanion’s stock price continued to decline late Tuesday afternoon. It’s been a rough eighteen months for the Seattle-based pet insurer, whose stock price has been on a downward trend since early 2022, now dipping below $20 to new 52-week low. We’re trying to match the timeline of the stock fall-off with events affecting the company […]
From The Chatfield Show YouTube Page: “In this episode, our hosts (Dr. Jen the vet and Dr. Jason Chatfield) sit down with an experienced pet owner and reporter to talk about the world of pet insurance. With so many options on the market, it can be overwhelming for pet owners to navigate the various plans […]
The Canine Review asks Embrace’s leaders to disclose the dollar amount in legal fees so far that this litigation is costing, a cost ultimately born out by Embrace’s policy holders through higher premiums.
America’s second largest provider of pet insurance, Seattle-based Trupanion, confirmed earlier this week that the company is now blocking The Canine Review’s domain name. Many academic and company servers filter pornographic content and, of course, there are other historic examples such as Instant Messenger, the messaging application, and online games such as Snood; all were regularly blocked by company and academic servers. But no other U.S.-based company we’re aware of has ever blocked a news organization.
“If there’s anything material about the company that occurred prior to us letting these three people go,” Mr. Rawlings said, “we would’ve had to report that before [the dismissals]. There’s nothing material,” he said emphatically. “What we did have is a communication challenge in that people read the information and they inferred some stuff that we did not make as clear as we should have….There is language in our [SEC filing] that actually describes that we didn’t have any material issues with any of [the three ousted executives]. There wasn’t any malfeasance. We thought that that was going to be enough. We should have been more explicit.”
Last month, vet-centric pet insurer Trupanion told shareholders they could expect as much as a twenty percent drop in member retention in 2023 because of premium rate hikes that the company “fully anticipated.” The executives at Seattle-based Trupanion reported fourth quarter earnings in mid-February: “We were hearing noises in the market around vet inflation picking […]
Embrace filed a motion today to preclude TCR from obtaining records we requested from the Washington Office of the Insurance Commissioner, which Embrace says are exempt from disclosure because the records contain trade secrets. “In October 2021, in response to OIC’s inquiry and pursuant to Washington law, Embrace submitted written answers and documents to […]
Citing untenable capital reserve requirements by regulators, Trupanion CEO and founder Darryl Rawlings revealed this month at the company’s fourth quarter earnings that it would no longer be underwriting Pets Best. And, according to recent statutory filings in California TCR subsequently gathered, the new underwriter for Pets Best will be the newly formed giant Independence […]
Last week, Trupanion (NASDAQ: TRUP), which, in addition to the core subscription product bearing its namesake also underwrites Pets Best, released its fourth quarter financial results and annual report. CEO and founder Darryl Rawlings dropped something of a bombshell: Trupanion would no longer be underwriting Pets Best. Trupanion reported that growth in the company’s Other […]
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