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Stock impact report

Animal health leader Zoetis steps into pet insurance [Reuters]

Zoetis Inc. Class A (ZTS) 
Last zoetis inc. class a earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.zoetis.com
Company Research Source: Reuters
Animal health leader Zoetis steps into pet insurance (Reuters) - Zoetis Inc ( ZTS.N ), the world’s largest animal health company, unveiled a new insurance unit in a bid to take advantage of rising pet ownership as Americans adopt furry companions to help relieve the loneliness of coronavirus lockdowns. Adoption rates at animal shelters around the world have jumped as people try to cope with the isolation from shelter-at-home orders to avoid the spread of the new coronavirus. New Jersey-based Zoetis on Thursday said its Pumpkin Insurance Services subsidiary will offer insurance plans to cover medical bills and veterinary visits for cat and dog owners. “Pet insurance is, more than ever before, top of the mind for pet owners who just got a new pet,” Alex Douzet, chief executive officer of Pumpkin, told Reuters. Historically, spending on pets has been found to increase during periods of recession and economic uncertainty, said Darryl Rawling, chief executive officer of Trupanion Inc ( Show less Read more
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