Trupanion Announces CA Approved Over A 12% Rate Increase, NY Approved 18% Rate Increase
Portfolio Pulse from Benzinga Newsdesk
Trupanion (NASDAQ:TRUP) announced that California approved a 12% rate increase and New York approved an 18% rate increase. This brings the total approved rate to 21% in California and 25% in New York in the last seven months.
June 22, 2023 | 8:17 pm
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POSITIVE IMPACT
Trupanion's approved rate increases in California and New York may lead to higher revenues and potentially boost the company's stock price.
The approved rate increases in California and New York will allow Trupanion to charge higher premiums, which could lead to increased revenues. As a result, this news may have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100