New York, California OK rate increases for pet insurance provider Trupanion, and investors cheer

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New York, California OK rate increases for pet insurance provider Trupanion, and investors cheer
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Shares of Trupanion Inc. jumped after hours on Thursday after the pet-insurance provider announced that California and New York approved double-digit rate...

Shares of Trupanion Inc.

jumped after hours on Thursday after the pet-insurance provider announced that California and New York approved double-digit rate increases, saying that the hikes were “necessary in today’s rising cost of veterinary care environment.” California approved a rate increase of more than 12%, while New York approved a requested 18% rate increase, the company said.

jumped after hours on Thursday after the pet-insurance provider announced that California and New York approved double-digit rate increases, saying that the hikes were “necessary in today’s rising cost of veterinary care environment.” California approved a rate increase of more than 12%, while New York approved a requested 18% rate increase, the company said.

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