Allstate looks to energy and real estate, Wilson says

02/2/2012 | Bloomberg

Thomas Wilson, chairman and chief executive officer at Allstate, said low interest rates are prompting the auto insurer to invest in real estate and energy. "For insurance companies or long-term investors, obviously, low interest rates reduce the economic upside we have from investing in America," Mr. Wilson said. "It encourages people to invest in different things. Sometimes those different things are real assets."

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