Amazon reportedly had conversations about puting forth home insurance

  • The Information reported based on one anonymous source, Amazon had conversations about tendering insurance in conjunction with its connected home devices.
  • The report said,There is nothing that suggests Amazon has any concrete plans for insurance.
  • Shares of stocks like AIG and Chubb dipped slightly but quickly rebounded
  • Lennar is teaming up with Amazon to offer smart homes

Lennar is teaming up with Amazon to offer smart homes.
Shares of some insurance companies dipped briefly Wednesday, after a report said they might consider puting forth home insurance.

amazon

The Information reported Wednesday that, based on one anonymous source,after they had discussed about offering insurance in conjunction with its connected home devices. But, the report said,There is nothing that suggests that it has any concrete plans for insurance.”

there was no immediate comment, the article said.The company also was not immediately available to comment in response to an inquiry from CNBC.

Shares of stocks like AIG and Chubb fell slightly but quickly recoil after the report was released.

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With offerings like handyman hiring, smart locks, doorbells and of course, Alexa devices, Amazon has become a presence in the smart home market. Indeed, the company is opening experience showrooms,in Lennar homes, featuring connected devices.it is also working on a project to impede health insurance.

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