Latest GAINSCO Headlines
All the headlines from our GAINSCO Topic Page, ordered by recency.
GAINSCO Names Boulware as a Director
Mar 10 2005 // Dallas-based nonstandard personal automobile insurance provider, GAINSCO INC., announced that at its regular quarterly Board of Directors meeting Robert J. Boulware, president and chief executive officer of ING Funds...
GAINSCO Revs Up New Marketing Program
Feb 11 2005 // Dallas-based GAINSCO announced it has signed on as primary sponsor of Blackhawk Motorsports, who will be making its entry into professional racing by fielding a Daytona Prototype racecar that will compete in the Grand...
GAINSCO Completes Restructuring
Jan 24 2005 // GAINSCO Inc. reported it has closed the previously announced restructuring of the company that was approved by its shareholders on Jan. 18, 2005, and is more fully described in the company’s proxy statement dated...
GAINSCO Unveils Q3 Report
Nov 12 2004 // Texas-based GAINSCO INC. has reported net income for the third quarter 2004 of approximately $1.6 million. After the accretion of the discount on the Redeemable Preferred Stock of approximately $0.9 million and the accrual...
GAINSCO Reports Q2 Results
Aug 16 2004 // GAINSCO Inc., headquartered in Dallas, reported net income for the second quarter 2004 of approximately $1.0 million. After the accretion of the discount on the redeemable preferred stock of approximately $0.8 million and...
GAINSCO Unveils Q1 Numbers
May 17 2004 // Dallas-based GAINSCO INC. reported net income for the first quarter 2004 of approximately $1.1 million. After the accretion of the discount on the redeemable preferred stock of approximately $0.8 million and the accrual of...
GAINSCO Takes Loss for Q2, First Six Months
Aug 15 2003 // GAINSCO Inc., a property/casualty insurance holding company based in Dallas, announced losses in net income for the second quarter and first six months of 2003 but the company noted that the losses are significantly less...
GAINSCO Reduces Losses in Q1
May 16 2003 // Dallas-based GAINSCO INC. reported net income for the first quarter 2003 of $0.1 million. After including effect for the accretion of the discount on the redeemable preferred stock of $0.7 million and the accrual of...
GAINSCO Says Lawsuit Is Without Merit
May 8 2003 // GAINSCO INC. said that securities litigation has been filed in United States District Court, Southern District of Florida against the company and two of its officers (one of whom is also a director). The plaintiffs seek...
Class Action Lawsuit Filed Against GAINSCO
Apr 29 2003 // Dallas-based GAINSCO INC. was hit with a class action lawsuit, filed in the United States District Court for the Southern District of Florida on behalf of purchasers of the company’s publicly traded securities during...
GAINSCO Sells GAINSCO County Mutual
Dec 3 2002 // GAINSCO INC., based in Dallas, announced the completion of the previously announced sale and transfer of its management contract controlling GAINSCO County Mutual Insurance Company (GCM) to an affiliate of Liberty Mutual...
GAINSCO Sees Improvements in 3rd Qtr. 2002
Nov 13 2002 // Fort Worth-based GAINSCO Inc. reported net income for the third quarter 2002 of $0.2 million, which represents a net loss applicable to common shareholders of $0.6 million., and a net loss of $0.03 per common share, basic...
GAINSCO Makes Changes to Board
Sep 9 2002 // Dallas-based insurer, GAINSCO Inc., announced changes to its Board of Directors. Hugh Balloch, a principal with Goff Moore Strategic Partners L.P. (GMSP) was elected to fill one of the two Director positions held by...
GAINSCO Reports 2ndQ Loss of $4.8M
Aug 14 2002 // Texas-based GAINSCO INC. released its financial results for the second quarter of 2002, including a net loss of $4.8 million. This compares to a second quarter 2001 net loss of $7.9 million (net loss applicable to common...
GAINSCO NOW TRADING ON OTC
Apr 29 2002 // Fort Worth’s GAINSCO Inc., a holding company selling non-standard insurance products, has begun trading its common stock on the OTC Bulletin Board under the ticker symbol “GNAC.” The company’s...
Reinsurer Nabs GAINSCO Assets
Apr 15 2002 // Texas-based GAINSCO Inc., a holding company with personal auto insurance agencies in Florida, announced that a non-affiliated reinsurer has taken possession of trust assets per a reserve reinsurance cover agreement with...
GAINSCO Drops Commercial Lines
Feb 25 2002 // Fort Worth, Texas-based nonstandard property and casualty insurer, GAINSCO Inc., said it plans to stop writing commercial lines of business due to unprofitable results and increasing claims. On a related note, GAINSCO...
GAINSCO, INC. Reports First Quarter Losses
Jun 4 2001 // Nonstandard property and casualty insurance holding company, GAINSCO, INC., reported a $1.2 million net loss for the first quarter 2001, compared to a first quarter 2000 net loss of $0.1 million. Fort Worth-based GAINSCO...
GAINSCO TO EXIT COMM. TRUCKING
Nov 20 2000 // GAINSCO has reported a third quarter loss of approximately $7.6 million. As a result, the company has concluded it will be necessary to increase estimated ultimate liabilities by approximately $10 million, primarily for...
