Wal-Mart Debuts Pet Insurance in Canada and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $77.09
In Canada, where all humans have access to health care, Wal-Mart began offering pet insurance to its customers in select stores. Walmart Pet Health Insurance is offered and underwritten by Western Financial Insurance. The pet products sector in the United States, which is comprised of everything from pet accessories to luxury in-flight veterinary care, has created a $55-billion industry, says the American Pet Products Association. In a country in which some 45 million humans can not afford their own health insurance, people are buying pet insurance and treating their pets like family members, Veterinary Pet Insurance says.