HEALTH
Pet Insurance
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 the National Association of Insurance Commissioners (NAIC) where the law was to be considered and put up for a vote. The Pet Insurance Model Law has been in the works for more than two years. TCR has […]
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 companies forced to declare themselves for or against consumers
Pet Insurance Working Group Puts Transparency on Agenda with Consideration of Data Reporting Requirements
Nationwide axes popular pet insurance following significant losses as Trupanion soars on similar plan
Nationwide is cutting its losses–literally. The company’s 90%-reimbursement, unlimited pet insurance offering has been deep-sixed, spokeswoman Karen Davis confirmed to TCR. The genesis of the decision, although seemingly crystallized in recent company statutory filings with state insurance regulators (see below), is not somthing Nationwide CEO Kirt Walker would comment on when asked. Now, consumers can take their pick between 50% or 70% reimbursement levels. And, they can take the $10,000 annual limit whether they like it or not.
Trupanion launches lower-cost, “Furkin awesome” Furkin [“fur-child”]
This story has been updated. Trupanion, Inc., the Seattle-based pet insurer, is expected to launch millennial-friendly Furkin (literal translation: “fur child”) in Canada in the next 48 hours. Update: Furkin’s website quietly went live over the weekend and we expect to hear from Randy Valpy, who is overseeing the company’s Canadian insurance products, including a […]
Pet insurers threaten to oppose model law if regs block lengthy waiting periods; consumer reps blast industry trade group NAPHIA
During a contentious ninety-minute Pet Insurance Working Group meeting on July 22, insurance regulators and consumer representatives clashed with pet insurance industry stakeholders over language that would restrict the ability of pet insurance companies to impose lengthy waiting periods on consumers in what would be America’s first significant piece of pet insurance legislation. “We have […]
Consumer reps blast pet insurance industry in scathing letter; our story to follow
In damning written comments submitted to the Pet Insurance Working Group task force on Wednesday, consumer representatives blasted the pet insurance industry’s trade group, the North American Pet Health Insurance Association (NAPHIA), for comments made by the group’s attorney Cari Lee during last week’s meeting. “We have given, and given, and given, and given, and […]
High-brow pet insurer launches breakaway, “fluff-free,” low-cost product; first of several launches in Trupanion’s 60-month plan
America’s second-largest pet insurance provider Trupanion, Inc. (Nasdaq: TRUP) has just launched a “time-limited,” low-cost pet insurance brand in Canada, PHI Direct, which will launch in the United States later this year, along with a third insurance product at a medium price point, Furkin. But unless you follow insurance closely or read TCR, you may never know that Trupanion is the parent company.
