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Pet Insurance Stock Nabbed

ORANGE COUNTY BRIEFLY

February 24, 1998

ANAHEIM — An Arizona insurance firm said Monday it has agreed to purchase up to $4 million of nonvoting preferred stock in Anaheim-based Veterinary Pet Insurance, which issues insurance policies covering dogs and cats.

"Pet insurance is a relatively young industry that has seen tremendous growth the last couple of years," said Mike Miller, vice president and treasurer of Scottsdale Insurance Co., which is acquiring the preferred stock.


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Scottsdale is a member of the Nationwide Insurance Enterprise of Columbus, Ohio. Another Nationwide subsidiary, National Casualty Co., underwrites Veterinary Pet Insurance's policies outside California.

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