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 MoreThe Agent’s Guide to SR-22 Insurance at GAINSCO
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, Oklahoma, Pennsylvania, and Maryland do not require SR-22 certificates, but most other states that GAINSCO policies support do…
Read MoreHow to Help Your Auto Insurance Customers with Hurricane Preparedness
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…
Read MoreGAINSCO 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 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 MoreMGA Statutory Annual Statement- 2020
2020, 12-31 MGA Statutory Annual Statement – 2020
Read MoreMGA Statutory Quarterly Statement – Q3 2020
2020 Sep, 30 MGA Statutory Quarterly Statement – Q3 2020 Download
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…
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