GAINSCO Adds Mississippi to Growing List of Operational States

GAINSCO is excited to announce our latest expansion to The Magnolia State. Mississippi represents our 18th active state where customers can acquire GAINSCO policies, and it is our first new state expansion of 2022. In 2021, we welcomed three new states: Wisconsin, Missouri, and Illinois. “We’re excited to help Mississippi independent agents provide nonstandard customers…

Read More...

GAINSCO Auto Insurance® Keeps Growing With Expansion to Wisconsin

Here we grow again! GAINSCO has continued to expand our nonstandard auto insurance presence progressively, and we’re excited to announce Wisconsin as our newest state addition. Wisconsin is the third state expansion for GAINSCO in 2021, closely following our recent launch in Missouri and our entry into Illinois in March. Wisconsin is the 17th state…

Read More...

GAINSCO Auto Insurance® Expands to Missouri

Hello, Missouri! GAINSCO has officially expanded our nonstandard auto insurance product to the Show-Me State. Missouri is our second state expansion in 2021, following our launch into Illinois in March. “We’re excited to offer Missouri agents appointed by GAINSCO the opportunity to expand their customer base through our unique product offering, and we look forward…

Read More...

GAINSCO Auto Insurance® Southeast Regional Office Named a 2021 Top Workplace by South Florida Sun-Sentinel

GAINSCO is excited to announce the inclusion of our Miami office in South Florida Sun-Sentinel’s “Top Workplaces for 2021” list! This is the fifth time in the last six years that our Miami office has been recognized as a top workplace by South Florida Sun-Sentinel. According to South Florida Sun-Sentinel, the Top Workplaces program is…

Read More...

AM Best Upgrades the Financial Strength Rating of GAINSCO Auto Insurance®

We’ve officially made the grade! AM Best, the insurance industry’s leading rating agency, recently upgraded its financial strength rating of GAINSCO’s principal insurance subsidiary, MGA Insurance Company, Inc. (GAINSCO Auto Insurance®), from a B++ to an A-. The new rating puts our company in the “Excellent” category for financial strength, further solidifying the impact of…

Read More...

State Farm® Closes Purchase of GAINSCO

BLOOMINGTON, Ill., December 31, 2020 – In September, State Farm Mutual Automobile Insurance Company announced an agreement to acquire non-standard auto insurer GAINSCO for approximately $400 million in cash. The transaction closed on Dec. 31. The closing finalizes the first acquisition of an insurance company by State Farm in the company’s 98-year history. In the…

Read More...

MGA Statutory Annual Statement- 2020

2020, 12-31 MGA Statutory Annual Statement – 2020

Read More...

MGA Statutory Quarterly Statement – Q3 2020

2020 Sep, 30 MGA Statutory Quarterly Statement – Q3 2020 Download

Read More...

State Farm® to Acquire GAINSCO

BLOOMINGTON, Ill., September 17, 2020 – State Farm Mutual Automobile Insurance Company, America’s largest property and casualty insurance provider, and GAINSCO, Inc. announced today that they have entered into an agreement pursuant to which State Farm will acquire GAINSCO for approximately $400 million in cash. The transaction is expected to close in early 2021, subject…

Read More...

MGA Statutory Quarterly Statement – Q2 2020

2020 June, 30  Other  MGA Statutory Quarterly Statement – Q2 2020  Download

Read More...