100,000 US pet insurance policies to be cancelled by Nationwide due to inflation and rising vet costs.
Nationwide, the largest US pet insurer, plans to cancel around 100,000 pet insurance policies due to rising inflation and costs in veterinary care. The company aims to maintain a financially sustainable future for its pet insurance business and will notify impacted policyholders in writing. This move follows other types of insurance, such as homeowners and vehicles, becoming less accessible for many Americans due to inflation.
June 17, 2024
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