Pet insurance is on the rise in the US as pet parents discover the value of protecting their pets.
First pet insurance policy is written for a dog in Sweden. About 50% of pets are
now insured in Sweden.
First pet insurance policy is sold in Britain, and pet insurance takes off
rapidly there. Today, about 25% of pets in the UK are covered.
First pet insurance policy is sold in the US to protect TV's heroic dog Lassie.
The Hartville Group, which provides ASPCA Pet Health Insurance through its
subsidiary agency, is founded and begins offering pet insurance for US dogs and
More than 500,000 pets in North America are covered by pet insurance, and
Hartville Group is one of the leading pet insurance providers.
The American Society for the Prevention of Cruelty to Animals® (ASPCA®) chooses
Hartville as its strategic partner for pet insurance. Through this relationship,
ASPCA Pet Health Insurance is launched to help pet parents afford the veterinary
care their pets need.
The North American Pet Health Insurance Association (NAPHIA) is founded to
establish and maintain universal and professional standards for terminology,
best practices, quality and ethics in the pet health insurance industry. The
Hartville Group is one of the founding members of NAPHIA.
About 1 million pets in North America are protected with pet insurance. Plus, more veterinarians recommend pet insurance to their clients to help them afford critical treatments.
Pet parents spent about $13 billion on veterinary care in 2010, up 40% from 2006. Pet insurance continues to grow in popularity as pet parents seek help managing these costs.
Hartville and the ASPCA renew their strategic partnership, continuing the strong collaboration between North America’s oldest animal welfare organization and one of the largest pet insurance providers in the US.
Hartville launches new plans that expand coverage in all of its pet insurance programs, including ASPCA Pet Health Insurance.
Hartville becomes a division of Crum & Forster, which is part of Fairfax Financial Holdings Ltd. Crum & Forster, through its Fairmont Specialty and United States Fire Insurance companies, has underwritten Hartville’s plans since 2006.
Sources: Packaged Facts, Nov. 2010