PetFirst Acquisition by MetLife Highlights Fast-Growing Sector
We treat our pets like family – and with that love can come significant cost. Costs from treats and toys – to high dollar costs like emergency surgeries and medicines. Americans spent nearly $73 billion on pets in 2018 and are projected to spend $75 billion in 2019. Veterinary health technology improves like human healthcare – and the costs rise, too.
The average unexpected vet bill is more than $800.
Jeffersonville-based pet insurer PetFirst covers dogs and cats across the country. PetFirst’s acquisition by insurance giant MetLife signals continued strength in the growing pet insurance industry. MetLife plans to offer pet coverage nationwide.
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