GAINSCO News
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Declarations
Oct 5 2020 // Utah Fires “I guess the only positive thing is next year there won’t be anything left to burn.” — Rep. Brad Last, R-Hurricane, commenting on Utah’s wildfire season, which has broken records...
Business Moves
Oct 5 2020 // National OneBeacon, International Bond & Marine Brokerage OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage Ltd. (IB&M), a privately held brokerage and risk management firm...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO
Sep 17 2020 // State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has...
Nonstandard Auto Insurance Market Is Not For Everybody
Apr 13 2015 // 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...
What’s Driving Nonstandard Auto – Technology, Consolidation, Population Changes, Fuel Specialty, Opportunity
Mar 9 2015 // The nonstandard auto market is characterized by substandard operating performance. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many are struggling to...
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