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☆ Nationwide says it’s dropping thousands of pet insurance policies due to inflation
▼ + stars: | 2024-06-17 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Nationwide Pet, the country’s largest provider of pet insurance, says it is dropping about 100,000 policies between now and next summer to keep up with spiraling costs in vet care. The move comes as other types of insurance, from homeowners to vehicles, are increasingly becoming harder to obtain for many Americans. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association, previously told CNN. The higher costs insurers face from higher replacement costs and re-insurance, the type of insurance used by insurers to limit their own risks, is getting passed down to consumers. Insurers in states like California and Florida have paused issuing policies altogether.

Persons: Fido, “, Price, It’s, Mark Friedlander Organizations: New, New York CNN, Nationwide, Insurance Information Institute, CNN Locations: New York, United States, California, Florida

☆ These are the stocks that short sellers are betting against even as the market rallies
▼ + stars: | 2024-06-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Hedge funds and other short sellers are betting against plenty of stocks even as the market sets new record highs. Many short sellers have pulled back since the start of the meme stock craze, but the practice of betting against stocks is still around. But with interest rates falling and stocks broadly climbing this week, those targeted stocks could be candidates for a so-called short squeeze. In certain cases, this can create a feedback loop where the extra buying pressure forces other short sellers to do the same. That performance could make them more likely to have a short squeeze in the near term, though the exact financial position of those short sellers is unknown.

Persons: Citron Research, Nick Wells Organizations: Arbor Realty Trust, Medical Properties Trust, Federal Reserve, Comstock Resources, Madrigal Pharmaceuticals, GameStop Locations: Arbor, U.S

☆ Looking for Pet Insurance? Some Dog Breeds Will Cost More to Cover.
▼ + stars: | 2024-06-07 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The most popular dog in the country for the last two years has been the French bulldog, beloved for its batlike ears and deep wrinkles. That may be why “Frenchies” are the second-most-expensive dog breed to insure, behind the Cane Corso, a mastiff, according to Spot Pet Insurance, one of dozens of companies selling pet health insurance. The company recently ranked the costliest breeds of dogs and cats to cover, noting that some purebreds may be more expensive because their genetic makeup makes them susceptible to certain health conditions. The rankings were based on average policy premiums as well as the most costly claim paid for the breed, said Trey Ferro, chief executive of Spot Pet Insurance, which has 330,000 active policies. At the other end, the cheapest breeds to insure were the Chihuahua and the Maltipoo, a Maltese-poodle cross.

Persons: Cane Corso, Trey Ferro Organizations: Pet Insurance Locations: Chihuahua, Maltese

☆ Insider Today: Amazon's AI problem
▼ + stars: | 2024-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Also read:AdvertisementGetty Images; Alyssa Powell/BIThe best investments everBI asked seven heavyweight investors, including Rob Arnott and Bob Elliott, to identify the best trades of their careers. Each shared the top investments they've made, and explained how the lessons from those decisions still apply today. Getty Images; Alyssa Powell/BIAmerica's ridiculous hiring hurdleFewer American men than ever are working right now, and unemployment insurance may be at least partially to blame. Getty Images; Alyssa Powell/BIA better way to sell homesFixed-rate mortgages guarantee homeowners will pay the same amount each month for decades.

Persons: —, You'll, Kitty, Flopsy, Jenny Chang, Rodriguez, Andrej Sokolow, Carter Smith, Alyssa Powell, Amazon, Rob Arnott, Bob Elliott, Andrea Mac Organizations: Service, Business, Google, Getty, Bloomberg Locations: Denmark, America

I've spent a lot on vet visits for my dog, so I decided to look into what pet insurance I could get. In the last year, she's had a series of vet visits that left us with a few thousand dollars in bills to pay. I decided to price out three popular pet insurance plans to figure out which one is right for us. It offers a bundling discount of up to 10%, making my pet insurance premiums cheaper than any other provider. Plus, I received an insurance bundling discount because I already had other insurance plans through the company.

Persons: I've, she's, it's, —, Figo

☆ Is Pet Insurance Worth It? for Most People, the Answer Is No.
▼ + stars: | 2024-05-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

The North American Pet Health Insurance Association found that pet owners in the US paid $3.9 billion in premiums in 2023, a 22% increase from the year before. One thing is for sure: As the industry grows, pet insurance is becoming as confusing and messy as health insurance is for humans. Pet insurance isn't technically even health insurance; it falls in the property-and-casualty category. AdvertisementThe big problem with pet insurance is it's just an expensive productThere are three categories of pet insurance: accident only; accident and illness; and accident, illness, and wellness. Advertisement"It's important that pet owners understand the scope of what their pet insurance does and does not cover, so they're not caught off guard by unexpected payments," he said.

Persons: Gina Papini, Kato, Papini, That's, they've, Kevin Brasler, that's, Dan, Michael San Filippo, they're, Doug Kenney, Kenney, It's, Brasler, she's, Emily Stewart Organizations: American Pet Products Association, Pet Health Insurance Association, American Veterinary Medical Association, Rover, Consumers, Business Locations: reimbursing, Mexico

☆ The 10 states where your pet is more likely to get sick from tick-borne diseases, viruses, parasites, and more
▼ + stars: | 2024-05-21 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

AdvertisementHere are the 10 riskiest states for your pet, the most common diseases to watch out for, and some basic tips for keeping your pet happy and healthy. Top 10 riskiest states for your petForbes Advisor created its own ranking scale based on data from all 19 diseases. Two of these 10 states, West Virginia and Maine, were also among the top three riskiest states for tick-borne diseases. The most common diseases to watch out forTicksTick-borne diseases like Lyme Disease, anaplasmosis, and ehrlichiosis are especially common in the spring and summer months. Fever, lethargy, loss of appetite, and joint stiffness or pain are all common symptoms of these three tick-borne diseases.

Persons: —, Alexandria Cremer, Peter M, Fisher, It's Organizations: Service, Forbes, Business, Center for Disease Control, American Veterinary Medical Association, York, West Virginia, Veterinary Clinic, Watch, Cornell's College of Veterinary Medicine, American Society for, FDA, US, MetLife, Animal Foundation Locations: Jersey, Coast, Rhode, , New Jersey , Maine , New York, Pennsylvania, West Virginia, Maine, Arkansas, South Dakota , Wisconsin, New Mexico , Mississippi, Oklahoma, Kentucky, Mississippi, Brandywine

We pay $80 every other week for pet insurance that comes with a 70% reimbursement. One x-ray, three prescriptions, and $500 later, I was never more relieved that we had pet insurance. We get 70% reimbursement after a $250 deductibleWe pay around $80 every other week for our dog's pet insurance policy. His policy is through Nationwide Pet Insurance (yep, they have pet insurance, too!) Being able to say to them, "No worries, we have pet insurance so most of it will be covered"?

Persons: —, we've, It's, he's, That's, He's Organizations: Service, Nationwide Pet Insurance, French bulldogs, English bulldogs, bulldogs Locations: Boston, PetPlan

☆ Some workers are choosing housing and student loan benefits over a retirement plan, and it says a lot about America's cost-of-living crisis
▼ + stars: | 2024-04-23 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

"Standard benefits, like medical, dental, or vision care, are typically included in most employee benefits plans. "With workers of all ages repaying student debt, student loan assistance should be a key consideration in the enhancement of employee benefit programs," Newcome said. Non-traditional benefits could also convince workers to rethink remote workRethinking employee benefits could also be the key to enticing remote workers back to the office. Additionally, 69% said they would be willing to change their job or career for employer-based housing benefits. As the landscape of employee benefits evolves to meet the changing needs of the workforce, companies are becoming more innovative.

Persons: —, John Newcome, Kelly, Newcome, Boring, Bonds Organizations: Service, Business, Employees, Walmart, SpaceX Locations: Austin, Bastrop

☆ Pet insurance didn't feel worth it—until my cat needed a $3,000 surgery
▼ + stars: | 2024-03-30 | by ( Mike Winters | ) www.cnbc.com time to read: +7 min

My wife and I never gave pet insurance much thought, until our cat Wally needed a $3,000 surgery. My wife and I never gave pet insurance much thought — until we were told our cat Wally needed surgery that would cost nearly $3,000. Apparently, we weren't alone in that thinking, as only about 25% of pet owners have pet insurance, according to a recent NerdWallet survey. What you get with pet insuranceTypically, pet insurance covers accidents, illness and wellness, which pays for routine care like annual exams. How to know whether pet insurance is right for youFinancial planners who spoke with CNBC Make It were divided on whether pet insurance is worth the cost.

Persons: Wally, Mike Winters, periodontitis, there's, Rikin Shah, Carol Fabbri, — Organizations: CNBC, Insurance Locations: Denver

While I had long believed in stashing cash in a pet emergency fund instead of paying for pet insurance, I was now sold. Pet insurance can pay for itselfAfter talking to a few fellow pet parents, I decided to get Embrace pet insurance. Now that I have pet insurance, I don't have to choose the cheapest pet insurance option because it's most affordable. I also have a pet emergency fundAs I said, before the constipation incident with my cat, I wasn't really keen on getting pet insurance. That's because pet insurance works a little differently than health insurance for humans.

Persons: —, It's Organizations: Service, Business, American Pet Health Insurance Association

It's easy to see pet insurance as optional for most pets, but the cost of pet care can be high. Most pet insurance plans cover the big costsMany people also believe that pet insurance doesn't cover that much. There are two types of pet insurance — illness and accident insurance and accident-only insurance. Make sure the math works in your favorLike with human health insurance, pet insurance has a monthly premium you'll need to pay to maintain coverage. Looking to the futureWhile it's not always pleasant, thinking through all the scenarios can help you pick the best pet insurance policy for you.

Persons: —, there's, It's, it's Organizations: Service, American Kennel Club, American Pet Health Insurance Association Locations: American

Harrison doesn’t have an overall diagnosis beyond being a French bulldog — an increasingly popular breed prone to health problems. While most patients pay out of pocket, AMC offers multiple initiatives to cover charity care, especially for rescue animals and working dogs. The price of veterinary services have increased in recent years because of inflation, but also because of advances in care. The same day Harrison visited the surgical suite, Lynx was brought in by a rescue group. “We get to take extraordinary care of rescue animals,” Spector said.

Persons: —, Harrison, ”, Daniel Spector, Harrison doesn’t, Grace Kim, Kiki, “, ” Spector, Spector, Jennie Anne Simson, Simson, we’ve, Helen Irving, Elaine, Kenneth Langone, Elaine Langone, they've, Emily McCobb, Kelly Hall, ” Irving, Kim Organizations: Animal Medical, AMC, Avian, Shepherd Fund, Buddy, Veterinary, Home Depot, Bucknell University, Cummings School of Veterinary Medicine, Tufts University, Colorado State University, Associated, Lilly Endowment Inc, AP Locations: New York City, French, Manhattan, Manhattan’s, anesthesiologists, Brooklyn, New York

☆ Veterinarians reveal the 10 things you shouldn't splurge on for your pets
▼ + stars: | 2024-03-11 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +7 min

Veterinarians told Business Insider which pet products they don't think are worth splurging on. Business Insider asked veterinarians to highlight a few pet products that can be a waste of money. Pet multivitamins aren't always necessaryPets don't usually don't need multivitamins to stay healthy. bbearlyam/ShutterstockIt may be tempting to splurge on a fancy wardrobe for your dog, but most pets don't need clothes. "Pets don't need fancy clothes or clothing at all," said Barrack.

Persons: —, John Kershner, Shutterstock Stacy Choczynski Johnson, Johnson, Santi Nanta, Jennifer McCallum, Heather Venkat, Venkat, Chew, Richardson, Rachel Barrack, Barrack Organizations: Service, Business, Pumpkin Pet Insurance, FDA, Veterinary Oral Health, Animal Acupuncture

☆ How long will your dog live? Measure its nose
▼ + stars: | 2024-02-03 | by ( Amanda Schupak | ) edition.cnn.com time to read: +6 min

CNN —Is your dog a small male with a long nose? If so, your furry companion is more likely to be at your side for a long time, according to new research. Small and medium dogs with pronounced schnozes lived over 12 years on average, while flat-faced dogs of all sizes fell short of that mark. The study includes millions of data points, but it doesn’t necessarily represent the full spectrum of companion dog life, McMillan said. “The ethical and welfare concerns surrounding dog breeding have become one of the most important issues — if not the most important issue — within canine welfare,” McMillan said.

Persons: ”, Kirsten McMillan, ” McMillan, expectancies, Shiba Inus, schnozes, Dan O’Neill, ” Esme Wheeler, “, Wheeler, Silvan, ” Urfer, “ I’m, McMillan Organizations: CNN, Dogs Trust, bulldogs, French bulldogs, Italian greyhounds, Royal Veterinary College, Royal Society for, “, University of Washington, Dogs Locations: United Kingdom, Italian, Lhasa, Frenchies, London, United States

Learn moreBusiness Insider Reviews has been covering the best pet products for more than five years. AdvertisementWhat types of pet products we coverFood: After hundreds of hours of interviews and research, we carefully selected the best cat foods and best dog foods. We also put dozens of litters to the test for our guides to the best cat litters and natural cat litter. Veterinarians and professional groomers also helped us narrow down the best dog toothpastes, dog dental chews, cat dental products, dog shampoos, and cat shampoos. Her article on pet anxiety in Pet Sitting Magazine was also nominated for The PSI Professional Pet Care Award.

Persons: We've, Ollie, we've, groomers, shampoos, Lisa Sabatini, Lisa, basset, JoAnna Pendergrass, JoAnna, Emory University's, Janelle Leeson, Janelle, Dodo, Shoshi Parks, Shoshi, Phoebe, Christy Caplan, Christy, Sherman, Walter, You'll, Jackie Brown, Jackie, Dr, Julie Liu, Liu, — Organizations: Health, Animal Association, Association of American, Business, Wall Street, JPen Communications, Virginia - Maryland College of Veterinary Medicine, Emory, Emory University's Yerkes, Primate Research, Insurance, Rover, Shop, USA, Freelance, Shoshi Parks, NPR, Smithsonian, Atlas Obscura, Portland Community College, Dog Writers Association of America, Animal Wellness, Product, Pet Health, Service Locations: Virginia, Shoshi, Oregon, Austin , Texas, Austin

☆ Stocks making the biggest moves midday: Expedia, Paramount Global, DraftKings, Block and more
▼ + stars: | 2023-11-03 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Expedia — Shares surged 17% during midday trading Friday, a day after the vacation booking platform delivered a stronger-than-expected earnings report for the third quarter. Analysts polled by LSEG forecasted earnings of $4.93 per share and $3.86 billion in revenue. Paramount Global — The media conglomerate stock climbed 12% after reporting a third-quarter earning s beat on the top and bottom line. On Thursday, the company reported an adjusted 30 cents per share on $7.13 billion in revenue, while analysts polled by LSEG forecast 10 cents and $7.10 billion. The company reported revenue of $285.9 million against estimates from analysts polled by FactSet of $275 million.

Persons: Expedia, Bill Holdings, KeyBanc, DraftKings, Carl Icahn, Insulet, Gartner, FactSet, —, Jesse Pound, Hakyung Kim, Alex Harring, Darla Mercado Organizations: LSEG, Apple, Paramount Global, Wall, FactSet, Revenue, Bank of America, Citi, JPMorgan Chase —, JPMorgan, Gartner, Lionsgate Entertainment, CNBC, Starz, Lionsgate Locations: CashApp

☆ A cat wins Hambone Award after being being folded in a sofa bed
▼ + stars: | 2023-09-30 | by ( Kara Nelson | ) edition.cnn.com time to read: +2 min

Giles won the 15th Annual Hambone Award, and this year’s competition was stiff. The pet award program was started by Nationwide Insurance when a dog got mild hypothermia after getting stuck in a refrigerator and eating an entire ham. “When they opened the door of the refrigerator, they found him and the bone,” Heidi Sirota, Nationwide’s pet insurance president and chief pet officer, told CNN. Giles with his Hambone Award. “We highlight these stories because it shows how valuable having protection for pet through pet insurance can be,” Sirota said.

Persons: CNN — Giles, Giles, Heidi Sirota, ” Sirota, Giles ’, Kaitlyn, Reid, Giles isn’t, ” Reid, Reid’s, “, ”, we’re, Sirota, “ He’s Organizations: CNN, Nationwide Insurance Locations: Labrador, York

NEW YORK (AP) — Pets provide joy and companionship, but costs can add up quickly, especially if you're a first-time owner and don't know what to expect. Once you get them home, pets need a bed, food, leashes and harnesses and grooming supplies, among other things. Gelber ended up paying a small fraction of those amounts because she had pet insurance, which she got knowing that French bulldogs are prone to getting sick. But Simon, who has had dogs for 25 years, has never gotten pet insurance and has not needed it during that time. Regardless of how much they have spent on their dogs, Chavez, Gelbert and Simon agree they don't regret having them in their lives.

Persons: it's, ”, Wendy Hauser, Melissa Chavez, Milo, “ I’ve, ” Chavez, Kerry O'Hara, Lauren Gelber, Gelber, Sharon Simon, Simon, Hauser, “, Maine coons, " Hauser, Chavez, I’m, “ Don’t, Gelbert, Charles Schwab Organizations: American Pet Products Association, American Society for, French bulldogs, bulldogs, Facebook, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: APPA, Marin , California, Europe, Salinas , California, Maine

☆ 65% of unmarried millennial couples live together, but over half aren't sharing the cost equally
▼ + stars: | 2023-08-11 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

It's common for millennial couples to move in together before they're married: 65% of unmarried millennial couples have already taken this step, according to a recent survey from the Thriving Center of Psychology. And a majority of them — 61% of cohabiting millennial couples — cite financial reasons as a contributing factor. But many don't share costs equally: 52% of millennial couples who live together don't split their rent or mortgage payment evenly, the survey found. Talk about what's 'yours, mine and ours'There may be expenses you and your partner don't agree on — and that's OK. "We had our joint spending account, which was for all things that we did together and shared expenses," Klingaman says.

Persons: they're, Kelly Klingaman, they've, Klingaman, he's, —, There's Organizations: Psychology, CNBC Locations: Austin , Texas, Venmo

☆ These are the 19 hottest insurance tech startups to watch in 2023, according to VCs
▼ + stars: | 2023-07-25 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Insurance tech in Europe had its second-best-ever year in 2022, raising $2.2 billion, per Dealroom. Venture capitalists remain bullish on the insurance tech, or insurtech, sector, banking that the risk-averse industry can be disrupted. The second generation of insurtech startups is emerging across pet insurance, climate risk, and newer areas such as freight and automated vehicles. Insider asked Europe's venture capitalists to pick out some of the insurance tech startups they expected to thrive in 2023. Here are 19 European insurance tech startups to watch in 2023:This article was originally published on May 23 and most recently updated on June 5.

Persons: Root Organizations: Insurance, Venture Locations: Europe

☆ One in two pet owners say their furry friend is equal to a human family member, survey finds
▼ + stars: | 2023-07-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

One in two owners say pets are just as important as human members of their family, a survey found. The US pet industry will be worth $200 billion a year by the end of the decade, Bloomberg forecasts. One in two pet owners think their furry friends are as much a part of their family as a human, according to a new survey. The online research surveyed the views of just under 3,000 pet owners in April. It found women were more likely to consider their pets equal to a human family member (57%) than men (43%).

Persons: groomers, Kristen Hawley, tartare, filet mignon, I'd Organizations: Bloomberg, Pew Research Center Locations: Francisco's, San Francisco

The Best Pet Insurance for Senior DogsMany pet insurance companies have high premiums for older pets and exclude animals that have pre-existing conditions. Pet Insurance for Seniors Company ReviewsSpot Pet InsuranceThe first thing to love about Spot Pet Insurance: There's no upper age limit. Why You Should Trust Us: Our Expert Panel for the Best Pet Insurance for Senior DogsTo put together this list of the best pet insurance for seniors, we interviewed the following experts:Vanessa Selger, an emergency veterinarian in Virginia Beach. Methodology: How We Chose the Best Pet Insurance for Senior DogsTo choose the best pet insurance for seniors, we compared more than 14 pet insurance companies and followed our insurance rating methodology. The Experts' Advice on Choosing The Best Pet Insurance for SeniorsWhen you're choosing pet insurance for senior animals, there are three main factors: the cost, your pet's age, and their health.

Persons: they're, Trupanion, Vanessa Selger, you'll, it's, Pumpkin, It's, Figo, ASPCA, Kari Steere, Selger, Steere Organizations: Insurance, Senior Dogs, Reading Chevron, Pet Insurance, Pet, American Kennel, AKC Insurance, Seniors Locations: Virginia Beach

Pet insurance will generally only cover a cat's visits to the emergency room, not routine vet visits. What does pet insurance for cats cover? Pet insurance, including insurance for cats and kittens, is designed to cover emergencies. Cat and Kitten Insurance Frequently Asked QuestionsWhat pet insurance should I get for my kitten? Pet insurance can help reduce these expenses or spread them out over time through monthly premium payments.

Persons: Joey Lusvardi, he's, they've, Brian Evans, Luvardi, it's, Evans, Will, you'll, Lusvardi Organizations: Animal Medical, Kitten Insurance

☆ How a 23-year-old freelancer makes $48,000 in NYC without a college degree
▼ + stars: | 2023-07-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +8 min

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. While growing up in a suburb of Washington, D.C., Brunotts always expected to go to college. But after reviewing the potential costs of attending music school in NYC, she ultimately decided against pursuing higher education. She brought in around $48,000 last year and says she's on track to make more this year. When she has earned more than her weekly goal doing work for clients, Kate spends time working on personal music projects.

Persons: Kate Brunotts, Brunotts, I've, Kate, Matt, hadn't, Lauren Shamo, Maherzad Todiwala, she's, she'll, Roth, It's Organizations: CNBC, New York City, Washington , D.C, Center, Citi, Google Fi Locations: New York, Washington ,, NYC, Upwork, Venmo, Brunotts

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