State Farm to acquire automobile insurer GAINSCO for $400m
State Farm acquisition of GAINSCO : US property and casualty insurance giant State Farm Mutual Automobile Insurance has agreed to acquire Texas-based insurance holding company GAINSCO in an all-cash deal worth about $400 million. GAINSCO, which is focused on the non-standard personal automobile insurance market, has expertise in providing minimum-limits personal auto insurance. Founded in 1978, […]