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Monday, October 5, 2009

PR NEWSWIRE: PurinaCare® Pet Health Insurance Selects Berkshire Hathaway’s Central States Indemnity as Its New Underwriter


PurinaCare Policies Offer Simple, Comprehensive Pet Insurance Benefits – Ensuring Pets Receive a Lifetime of High-Quality Care

SAN ANTONIO--(BUSINESS WIRE)--PurinaCare Insurance Services, Inc. (http://www.purinacare.com), a wholly-owned subsidiary of Nestlé Purina PetCare Company, has selected Central States Indemnity Co. of Omaha (CSI) as the new underwriter of its pet health insurance policies. CSI (https://www.csidirect.com) has earned an A+ Superior rating from AM Best as of April 14, 2009 in recognition of its financial stability and is a subsidiary of Berkshire Hathaway Incorporated, one of the strongest, most admired companies in the world. Managed by Warren Buffett, Berkshire Hathaway carries a AAA rating from Standard & Poor’s, the highest rating awarded.

PurinaCare Insurance Services, Inc., launched in 2008 by Nestlé Purina PetCare Company, is poised for continued growth in the vastly-underserved pet insurance market. According to market research firm Packaged Facts, only 1 percent of the 163 million dogs and cats in the U.S. have pet insurance policies. As the first pet insurance to carry the Purina® name, the company launched into this growing business with trust earned from pet owners for more than 85 years.

“Pets are very much a member of people’s lives and families, and PurinaCare is here to help dog and cat owners better manage the rising costs of unexpected injuries and illnesses,” said Dr. David Goodnight, President and COO of PurinaCare Pet Health Insurance. “Our new partnership with CSI deepens our commitment to providing PurinaCare’s policyholders with high quality service, good value and peace of mind in providing a lifetime of care for their pets.”

“This is a natural partnership,” said CSI President John Kizer. “We believe that PurinaCare’s culture and philosophy aligns well with our mission of making people’s financial life simpler and more secure, and policyholders can take comfort knowing that their pet insurance is being provided by CSI, a Berkshire Hathaway Company.”

PurinaCare Pet Health insurance offers two, easy-to-understand plans that are designed to help pet owners provide a lifetime of care for dogs and cats.

“Nestlé Purina and Berkshire Hathaway are both long-established, trusted companies which share corporate values of financial stability, superior customer service and offer high-quality products that enhance family health and well-being,” said Bill Broun, Director of Business Development for Nestlé Purina. “The partnership between PurinaCare and CSI is an extension of both corporations’ shared visions.”

About PurinaCare Pet Health Insurance:

PurinaCare Insurance Services, Inc. is dedicated to providing pet owners with a Lifetime of Care™ for their pets. A wholly-owned subsidiary of Nestlé Purina PetCare Company, PurinaCare Insurance Services, Inc. offers PurinaCare® Pet Health Insurance to pet owners in most states and promotes responsible pet care, humane education, community involvement, and the positive bond between people and their pets. For more information about PurinaCare Pet Health Insurance, visit http://www.purinacare.com.

About Central States Indemnity Co. of Omaha:

Central States Indemnity Co. (CSI) is a specialty property and casualty insurance company licensed in 50 states and D.C. CSI has provided income protection products to customers of financial institutions for over 30 years. Located in Omaha, Nebraska, CSI has been a subsidiary of Berkshire Hathaway, Inc. since 1992.

About Berkshire Hathaway:

Berkshire Hathaway and its subsidiaries engage in a number of diverse business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B. For more information about Berkshire Hathaway visit http://www.berkshirehathaway.com.



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