Supporting the local communities where we do business has always been an essential part of the GAINSCO culture. During the holiday season, we wanted a way to maximize our philanthropic reach in the most meaningful way. To help show our support, we came up with a brand-new way to give! Our Sales Leaders reached out…

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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…

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When working in the nonstandard auto insurance space, insurance agents will likely have customers who require an SR-22 certificate. Whether you will be supporting SR-22 customers depends on the state where you are writing policies. New Mexico and Oklahoma do not require SR-22 certificates, but most other states that GAINSCO policies support do require SR-22s…

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If you write auto insurance policies in a state where hurricane activity, or any unpredictable weather phenomenon, is a regular occurrence, you know that preparation and communication are crucial to supporting your customers during a catastrophic event. But how can you utilize these tools without compromising your budget or time? Below, we’ve outlined our top…

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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…

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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…

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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…

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