• Amazon just rocked home insurers on reports it'll enter the industry - Here are the 6 times it's panicked investors in other companies

    9 monthes ago - By Chron

    Mike Segar/Reuters
    Amazon has repeatedly shown an uncanny ability to disrupt entire segments of the stock market with corporate announcements.
    The most recent example came amid reports that Amazon will enter the home-insurance industry, which sent shares lower industry-wide.
    Prior to that, Amazon announced a new package-delivery service to compete with FedEx and UPS, sending shares of the two companies falling.
    It's a dynamic that's played out repeatedly over the past year.
    Amazon's plan to enter the home-insurance space may have rocked competing companies like Allstate and Progressive...
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  • Home-insurance stocks sink after report says they could be next to get Amazon'd

    9 monthes ago - By Chron

    Markets Insider
    Insurance stocks fell Wednesday after a report that Amazon is considering an entry into the home insurance business.
    Amazon has now panicked investors of at least six industries, including healthcare and delivery.
    Shares of the US largest insurance companies fell Wednesday morning after The Information reported
    Amazon was mulling a home insurance offering.
    Here's how the stocks reacted :
    Allstate: -2.9%
    Chubb: -1.4%
    Hartford Financial Services: -0.6%
    Travelers: -1.2%
    Progressive: -3%
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  • Amazon reportedly weighs entrance into home insurance biz

    9 monthes ago - By Inman

    Amazon could be getting into the home insurance business, according to a news story published today in The Information.
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  • Amazon reportedly had discussions about offering home insurance

    9 monthes ago - By CNBC

    The report said, "There's nothing that suggests Amazon has any concrete plans for insurance."
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