Allstate Starts Rail-Car Venture to Counter Rate Risks

  • Duchossois, Henry Crown's CC join insurer in Riverside Rail
  • BMO Harris led a credit facility for rail-car acquisition

Allstate Corp., the largest publicly traded U.S. home and auto insurer, helped form a freight rail-car leasing company as Chief Executive Officer Tom Wilson expands his bets on hard assets to generate better returns than bonds.

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