Nationwide to End 100,000 Pet Insurance Plans Amid Inflationary Pressure

In the United States, 24 percent of pet owners have taken out pet insurance, according to a survey.

A veterinary technician vaccinates a dog at a drive-through pet vaccine clinic at Mission Viejo Animal Services Center amid the COVID-19 pandemic in Mission Viejo, Calif., on June 23, 2020. Mario Tama/Getty Images

Insurance firm Nationwide will end a sizable portion of its pet insurance policies, citing inflation and the product’s financial stability.

Nationwide will not renew roughly 100,000 of these policies between this spring and the summer of 2025, according to a June 14 press release.