Accredited Surety and Casualty Company filed a formal notice to withdraw from the pet insurance market in California, with a requested effective date of May 1, 2026, as part of a broader nationwide exit from the line of business.
The decision follows the termination of the company’s program administrator and claims servicer, Odie Pet Insurance Marketing, due to operational and claims handling deficiencies. As of December 31, 2025, the withdrawal affects 3,588 California policies and $2.7 million in direct written premium.
“Accredited has made the decision to terminate its pet insurance program administered and serviced by Odie Pet Insurance Marketing, Inc. (“Odie”). The termination is for cause due to ongoing operational and claims-handling deficiencies that constitute material breaches of both the Program Administration Agreement and the Claims Service Agreement between Accredited and Odie. The termination of the Claims Service Agreement is effective February 24, 2026, and the termination of the Program Administration Agreement will be effective May 26, 2026. As a result, Accredited has determined it is necessary to withdraw from writing pet insurance nationwide, including in California.”
Nonrenewal notices will begin after regulatory approval, with the existing book expected to run off over 12 to 18 months. The company will continue servicing policies through expiration and remains responsible for covered claims incurred prior to nonrenewal.
Accredited entered the pet insurance market across more than 40 states in a rapid expansion between May and September 2021. The program was marketed and administered by ManyPets and grew to more than 43,000 insured pets.
Between 2023 and 2024, Accredited filed multiple rate increases averaging about 32%, with some states seeing significantly higher changes, including 86% in New York and 85% in California.
After ManyPets exited the U.S. market due to weak results, Odie assumed underwriting and administration of the program effective January 1, 2025, using the previously approved forms, rates, and rules.
Bottom Line: Accredited represents approximately 0.5% of the California pet insurance market and this withdrawal is not expected to materially affect market availability or competition. Other insurers include American Modern, American Pet Insurance Company, AXIS Insurance, Chubb, CSAA, Everspan Insurance, Fairfax, Incline, Independence American Insurance Company, Lemonade, Liberty Insurance Underwriters, MetLife, MS Transverse, Old Republic International Corp., Physicians Mutual, Progressive, Spinnaker, and Nationwide.