"They say that our relationships with pets have in one generation gone from the barnyard to the backyard to the bedroom," says Kristen Lynch, executive director at North American Pet Health Insurance Association. "If you go through a few serious medical conditions and have high veterinary costs, you're going to have a different view of the value for veterinary care and the cost of protecting yourself financially." Credit: yta/Adobe Stock
The North American pet insurance market saw gross written premiums increase 21.9% in 2023 to reach a record $4.27 billion, according to the North American Pet Health Insurance Association.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
