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For The Animals

Raleigh company builds $11 million business writing health insurance for pets

Date: Friday, October 19, 2012, 6:00am EDT - Last Modified: Friday, October 19, 2012, 2:40pm EDT
Stephen Popovich and friend in the Raleigh offices of PetPartners.
STEVE WILSON

Stephen Popovich and friend in the Raleigh offices of PetPartners.

Staff Writer- Triangle Business Journal
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RALEIGH – Living without health insurance is a game of risk that some humans play. Some also lack health coverage for loved ones in the family – their pets. And that often leads to a situation where pet owners choose death for their animals over paying for expensive treatments, Stephen Popovich says.

Popovich, CEO of PetPartners in Raleigh’s Brier Creek, calls it “economic euthanasia.”

He has firsthand experience. Before joining PetPartners in 2005, he had to put his dog to sleep, partially because of the cost of treating its kidney failure.

“I didn’t even know pet insurance existed,” he says. ...

Lauren Ohnesorge covers technology, biotechnology and Durham County.

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