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COVID-19 Brings a Spike in Pet Insurance

Throughout the pandemic in both the U.S. and abroad, shelters, nonprofit rescues, private breeders and pet stores have reported higher demand for pet ownership than the number of pets to fill it. Not surprisingly, new pet...more

Pet Insurance Industry Breeds Record Growth; NAIC Grooms Model Act Discussion

For the sixth consecutive year, the pet insurance industry experienced double-digit growth, according to a new report from the North American Pet Health Insurance Association (NAPHIA). NAPHIA’s “2021 State of the Industry...more

5/11/2021  /  Insurance Industry , NAIC , Pets

NAIC Makes Progress on Definitions and Burdens Under Pet Insurance Model Law

The NAIC’s Pet Insurance Working Group continues to moo-ve ahead with the development of a Pet Insurance Model Act (Model). The Model is based in large part on California’s existing pet insurance law. On its March 6...more

As Pet Insurance Gains Pup-ularity, NAIC Forms New Working Group

Calling all pet parents! At least 20 companies currently provide pet insurance, but there has traditionally been little regulatory supervision surrounding these products — until now. The National Association of Insurance...more

1/14/2021  /  Insurance Industry , NAIC , Pets , Veterinarians
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