A.M. Best Revises Outlook to “Positive” for GAINSCO Insurance Subsidiary

DALLAS, Texas, May 2, 2012 - GAINSCO, INC. (“GAINSCO” or the “Company”) (Pink Sheets: GANS) today announced that AM. Best, the insurance industry's principal rating agency, revised its official outlook of GAINSCO’s principal insurance subsidiary, MGA Insurance Company, Inc., to “positive” from “stable.” The new outlook reflects the Company’s continuing improvements in profitable operating results [...]