nonstandard auto insurance News

In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO

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 acquired an insurance company, the company said. …

Gall Named CEO of Texas’ Tricolor Insurance

Archie Gall has been named CEO of Tricolor Insurance, an affiliate company of Dallas-based Tricolor, a used vehicle retailer focused on the Hispanic consumer market. Tricolor Insurance, a provider of insurance for subprime vehicle owners, will roll out its new …

Texas’ Tricolor Launches Auto Insurance Option for Low Income Consumers

Tricolor, a Dallas-based used vehicle retailer focusing on the sale and financing of vehicles to the Hispanic consumer, is now offering affordable auto insurance option for low-income and credit invisible customers through its affiliate company, Tricolor Insurance. After testing the …