Insurance for Fido
04/16/2008
Other
By: Tim Bain
Last fall we
blogged about the growing trend in pet insurance. Well a new report out this week estimates Americans will spend around $1.1 billion (yes, with a 'b') annually on pet insurance by the year 2012. Pet insurance revenues for 2007 were estimated to be approximately $248 million, which is an increase of 21 percent over 2006 revenues.
The report cites the growing number of affluent households in the United States and their willingness to spend money on their pets' health care needs.
