The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many have struggled to maintain market share. But while some have been hurt by or lost …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of MGA Insurance Co. Inc. (MGA) in Dallas. The ratings agency noted that the …
Dallas-based Gainsco Inc. announced that A.M. Best has upgraded the financial strength rating (FSR) of Gainsco’s principal insurance subsidiary, MGA Insurance Co. Inc., to B+ (Good) from B (Fair). The issuer credit rating (ICR) of the insurance company was also …
