Nationwide is shedding about 100,000 pet policies, saying it needed to change underwriting and plan availability in some states to ensure a “financially sustainable future” for its pet insurance book.
Tag: pet health insurance
JAB to Pay $1.4B for Fairfax Stakes in Crum & Forster’s PetHealth & Pet Insurance Group
Fairfax Financial Holdings Ltd has agreed to sell shares in two animal insurance companies to JAB. According to a statement released Monday, JAB, which owns Keurig Dr Pepper Inc. and Krispy Kreme Inc., will pay approximately $1.4 billion for Fairfax’s stakes in Crum & Forster Pet Insurance Group and PetHealth Inc. Fairfax, Prem Watsa’s Canadian… Continue reading JAB to Pay $1.4B for Fairfax Stakes in Crum & Forster’s PetHealth & Pet Insurance Group
InsurTech Lemonade Adds Pet Health Insurance to Its Offering
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today launched pet health insurance. Now, pet parents in 33 US states can get AI-powered, socially impactful coverage for their four-legged family members. The new insurance product, designed exclusively for cats and dogs, joins Lemonade’s #1-rated homeowners and renters products: a hassle-free digital experience… Continue reading InsurTech Lemonade Adds Pet Health Insurance to Its Offering
Lemonade is Capitalizing on the Burgeoning Pet Insurance Market in the U.S.
US-based insurtech unicorn Lemonade is set to add pet insurance to its existing offering of homeowners and renters insurance, according to TechCrunch. Lemonade is currently going through the regulatory process to be able to offer the new policy, and its CEO Daniel Schreiber told TechCrunch that it could take months before the product launches. While… Continue reading Lemonade is Capitalizing on the Burgeoning Pet Insurance Market in the U.S.
MetLife Expands into Fast-Growing Sector: Pet Insurance
MetLife Inc. said Thursday it purchased pet insurance company PetFirst Healthcare LLC, expanding into a growing industry as it aims to widen offerings and boost sales. The purchase of Indiana-based PetFirst, for an undisclosed sum, is the latest sign of life insurers’ efforts to rev up revenue amid sluggish sales of individual life-insurance policies. Pet… Continue reading MetLife Expands into Fast-Growing Sector: Pet Insurance