Nationwide Axes Popular Pet Insurance Plan After Significant Losses

Nationwide is cutting its losses — literally. The company has stopped offering its 90% reimbursement, unlimited-benefit pet insurance plan, spokeswoman Karen Davis confirmed to The Canine Review.

New customers can now choose between reimbursement levels of 50% and 70%. Both come with a $10,000 annual limit.

Nationwide Chief Executive Kirt Walker declined repeated requests to discuss what drove…