News
GAINSCO Gives in 2022
The second annual GAINSCO Gives was a success. GAINSCO teamed up with eight of our agency partners to provide gifts in kind or donations to organizations in their communities. Our Sales Leaders rolled up their sleeves to offer services above their typical interactions. Take a look at some of the charities we supported alongside our…
Read MoreGAINSCO 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 MoreAM 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 MoreState 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 MoreState 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 MoreGAINSCO Announces Special Cash Dividend
DALLAS, Texas, June 19, 2018 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $2.00 per share. The special dividend will be payable on July 11, 2018 to shareholders of record on June 29, 2018. The Company believes that, at its current size,…
Read MoreGAINSCO Named Company of the Year by Texas PIA
Dallas, TX, May 22, 2018 – GAINSCO Auto Insurance® was recently named the Company of the Year by the Texas Professional Insurance Agents. Founded in 1995, Texas Professional Insurance Agents (PIA) is dedicated to providing meaningful assistance to insurance agents and consumers with insurance-related affairs. Their mission is to promote professionalism, knowledge, integrity, value, collaboration, and…
Read MoreGAINSCO Announces Special Cash Dividend
DALLAS, Texas, August 8, 2017 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $1.50 per share. The special dividend will be payable on August 30, 2017 to shareholders of record on August 18, 2017. The Company believes that, at its current size,…
Read MoreITC Launches GAINSCO Buy Now in TurboRater for Websites in Texas
Insurance Technologies Corporation (ITC), a provider of websites, marketing, rating and management software and services, announced today it has launched GAINSCO Auto Insurance® (https://www.gainsco.com) Buy Now in Texas in its online consumer rater TurboRater for Websites. When a consumer visits an insurance website that has TurboRater for Websites and gets a comparison quote for multiple…
Read MoreGAINSCO wins Best Booth at IIAT
Posted on June 29, 2016 by Matt Smith, Communications IIAT: The Results Are In! Congrats to the Trade Show Award Winners Thank you to all the exhibitors who participated in IIAT’s 119th Annual Conference & Trade Show. More than 140 companies were on hand to promote their products and services and meet with IIAT members.…
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