12 Months for Nationwide, 30 Days in Maine; Significant regulatory overhaul looming for American pet insurance
In Maine, a state senator and dog lover decided she had waited long enough for pet insurance legislation. When the […]
Pet Health Insurance
NAIC Consumer Rep Blasts Proposed Changes to Pet Insurance Model Law To Be Discussed June 7
After six-months of sidelining the Pet Insurance Model Law aimed at protecting consumers – and following what has been an almost three-year drafting process— the National Association of Insurance Commissioners (NAIC) Pet Insurance Working Group will meet again on June 7 to consider proposed changes to the model law. NAIC Consumer Representative Birny Birnbaum, who is also the Executive Director of the Center for Economic Justice, called the proposed changes to the draft “stunning” in an email to TCR last week.
AKC Pet Insurance/PPI promises “most comprehensive” pre-existing condition coverage, but CEO declines repeated requests to discuss policy
The policy says if condition X occurs during the 365-day pre-existing condition waiting period, it is not eligible. Only “Treatment that occurs AFTER [emphasis TCR’s] the three hundred and sixty five day waiting period” is eligible. Thus, even PPI’s own fine print even seems to indicate that it would not cover conditions that its salespeople told TCR in three different conversations with different representatives it would cover.
And here’s the kicker: PPI’s leaders refused repeated requests to discuss any of our questions over more than two weeks of attempts to get help clarifying the policy language.
Pet Insurance Industry 2021 Results Are In: Huge Growth Continues, but Most Americans Still Aren’t Buying
The pet insurance industry is reporting today that the total number of insured cats and dogs in the U.S. for […]
Insurance regulators offer new explanation for disappeared pet insurance law; consumer rep dings regulators on transparency
There is still no explanation for the abrupt removal of the Pet Insurance Model Law from the agenda of the […]
Insurance regulators continue to sideline pet insurance model law aimed at protecting consumers
The Canine Review learned late yesterday that state insurance regulators on the Property and Casualty Committee of the National Association […]
What happened to the Pet Insurance Model Law? Why the surprise pull-back?
It’s been three weeks since the pet insurance model law was removed unexpectedly from the agenda of the final 2021 meeting of […]
Petplan is now ‘Fetch by The Dodo’–which means policy holders can now complain to Ken Lerer, too
There is at least one piece of good news for Petplan (or ‘Fetch by The Dodo’) policy holders, which is that you now have a prominent New York media executive to rope in when you file complaints to departments of insurance: Ken Lerer
Pet insurance regulation delayed again, without explanation – updated
Update: On December 24, TCR again reached out to Chairman Beatty for an update. Mr. Beatty advised that he knew nothing beyond what Mr. Birnbaum had released days ago, which was that the delay was related to licensing. NAPHIA’s Kristen Lynch did not respond. An NAIC spokesman also did not respond.
Pet Insurance Working Group Puts Financial Data Reporting Requirements on Agenda
Pet Insurance Working Group Puts Transparency on Agenda with Consideration of Data Reporting Requirements