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” […]
It’s taking a little bit of liberty. It’s a bit of an exaggeration on their part….It’s more that they just submitted these rates to us, and we are aware of them.” – NYDFS official
NYDFS: NY ‘Approval’ Claim Not True
“The department does not technically have the authority to approve [pet insurance rates]… These rates are just submitted to us. We do not have the authority to review them prior to publishing,” an official at New York’s Department of Financial Services told TCR.
When asked if Trupanion’s statement about NYDFS approving an 18% rate increase was accurate, the official said, “It’s taking a little bit of liberty. It’s a bit of an exaggeration on their part….It’s more that they just submitted these rates to us, and we are aware of them.”
By email, the official confirmed, “the Department still retains the authority to object to aspects of the rate filing,” she wrote, referring to Trupanion’s filing.
TCR has included redacted written exchanges with New York DFS et al. after the conclusion of our reporting.
Trupanion’s stock price continued to decline late Tuesday afternoon. It’s been a rough eighteen months for the Seattle-based pet insurer, […]
From The Chatfield Show YouTube Page: “In this episode, our hosts (Dr. Jen the vet and Dr. Jason Chatfield) sit […]
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 […]
“The moment that [Chewy] would offer another insurance carrier, we could talk to other pet retailers,” Rawlings told TCR, declining to name companies, although he did note that Trupanion “turned down Walmart.”
“We didn’t think that Walmart could help grow the category,” Rawlings added. Trupanion’s point of view, he says, is that ‘Chewy was going to come to the marketplace no matter what,’ describing Chewy as if he were describing stage 4 pancreatic cancer.
On December 7, 2021, Trupanion, Inc. (NASDAQ: TRUP), the “medical insurance for pets” provider announced a partnership with Chewy, Inc. (NYSE: […]
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.