Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Pet insurance expected to double by 2012
JEFFERSONVILLE, Ind. (2/11/08)--PetFirst Healthcare, a nationwide provider of health insurance policies for dogs and cats, said it expects the $250 million pet insurance industry to double by 2012. A few credit unions offer this type of insurance. Operating similarly to human health insurance, pet insurance covers the costs associated with veterinary expenses. PetFirst plans include routine care such as yearly exams, vaccinations, flea control, and spay/neuter services. Also covered are x-rays, surgeries and hospitalizations that result from illness or injury (PR Newswire Feb. 7). PetFirst insurance plans are available to hundreds of thousands of employees through the $727.5 million asset Indianapolis-based Eli Lilly CU, the American Humane Association and Kroger Co. PetFirst announced a partnership in January with National Benefits Partners--a benefits wholesaler that provides voluntary benefits to more than 3,000 employers and three million employees. Pet insurance trends are imitating the human health insurance industry with obesity, cardiac arrest, hypertension and hypothyroidism seen as growing problems, PetFirst said. Two Colorado credit unions--Ent FCU and Air Academy FCU--began offering pet insurance in 2003 (News Now July 23, 2003).


RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
14 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
14 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
16 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
19 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
20 hours ago