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A growing need for pet insurance

By
  • Brian M. Kalish
Published
  • July 25 2013, 1:00am EDT

With more than 62% of American households owning a pet, and just 0.3% of the cat and dog population insured in recent years, pet insurance is an industry that is constantly changing as veterinary costs continue to rise.

According to Embrace Pet Insurance, pet insurance is a market that continues to grow, too - written premiums grew at a compounded rate of 18% between 2003 and 2008.

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