Does GAINSCO operate in Florida?
GAINSCO sells our insurance policies through a network of independent agent partners and web marketplaces in the states of Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia, and Alabama. GAINSCO (1.866.
What states allow GAINSCO?
The Company, through its insurance brand, GAINSCO Auto Insurance®, specializes in minimum-limits personal auto coverage and actively distributes its nonstandard personal auto products through independent retail agents in Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia.
Is GAINSCO and MGA the same?
Our insurance operations are conducted through MGA Insurance Company, Inc. GAINSCO, Inc. was established in 1978 and has a regional office in Miami, Florida. In December 2020, State Farm Mutual Automobile Insurance Company acquired GAINSCO, Inc.
What is Gainsco Auto Insurance grace period?
There is a 10-day late fee if you miss a day or two in making a payment.
Who owns GAINSCO?
State Farm
GAINSCO/Parent organizations
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.
What insurance is MGA?
Managing General Agent
Managing General Agent (MGA) — a specialized type of insurance agent/broker that, unlike traditional agents/brokers, is vested with underwriting authority from an insurer.
How long has GAINSCO insurance been around?
1978
Established in 1978, Gainsco car insurance is sold through its subsidiary, MGA Insurance Co. Gainsco sells policies through comparison websites and independent agents in 11 states: Alabama, Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah and Virginia.
Does GAINSCO have a mobile app?
The company has a mobile app for iOS and Android devices that allows customers to request an insurance quote, make a payment, report a claim, request an agent, contact the company, and read the latest news from GAINSCO.
Did State Farm buy out 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.
Who owns gainsco?
Do MGAs handle claims?
Some MGAs or MGUs are set up to handle claims, and some terms are more common to different lines of authority, but there is no standard distinction.
Is GAINSCO a public company?
since April 1998. GAINSCO is a publicly-traded property & casualty insurance company headquartered in Dallas, Texas.
