Three-Pound Teacup Chihuahua to Ring Bell in New York’s Times Square
Pets Best Insurance, one of the leading pet insurance providers in the United States, will preside over the closing bell at the NASDAQ stock market on Monday, Nov. 12.
Greg McDonald, chief executive officer of Pets Best, and the company’s president and founder, Dr. Jack Stephens will ring the closing bell, along with Jeff Smedsrud, president of American Independence Corp (AMIC).
“We are honored to join AMIC in New York City to represent the pet insurance industry, our dedicated staff and our policyholders nationwide,” said Stephens. “Pet insurance is experiencing swift growth in the United States. We are thrilled to showcase, on a national platform, the unique, affordable plans that we offer pet parents.”
Dr. Stephens’ 3-pound Teacup Chihuahua, Torrey (short for “Tornado”), will actually be the one to “ring” the bell. Torrey is Pets Best Insurance’s “Customer Care Advocate” and is the animal ambassador of the company.
“Torrey may need a little help, given the whole opposable thumbs predicament, but she’s surely looking forward to it as much as I am,” laughed Dr. Stephens. “Torrey was invited to participate in the closing ceremony and I know she will do a great job.”
The North American pet insurance market grew 114% between 2005 and 2009 and is expected to grow an average of 20% annually through 2014 to reach $880 million.(1) And according to the American Pet Products Association, in 2012 alone, it is projected that veterinary spending will top over an 8 percent increase to $13.59 billion from previous years.(2) Pets Best is the fourth largest pet insurance company in the U.S.(3) and has had 20 percent yearly sales increases since 2005.