Emerging pet insurance market faces new state regulations

They are seeking to set a new standard for what policies should cover and how they are marketed. 
Senate Insurance Committee Chairman Walter Michel, R-Ridgeland, presents legislation on establishing provisions for the sale and renewal of pet insurance policies, in the Senate Chamber at the Mississippi Capitol in Jackson, Wednesday, Feb. 1, 2023. Lawmakers in both chambers are considering bills that survived their committee deadline. (AP Photo/Rogelio V. Solis)

More than 4 million dogs and cats are covered by pet insurance policies in the U.S., a market that has grown exponentially over the past several years. 

But until this year, only California had a law that even mentioned pet insurance policies. 

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