In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO - LeadCloud News
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In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO
18 September 2020

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

It will be the first time in State Farm’s 98-year history that it has acquired an insurance company, the company said.

The acquisition, which is expected to close in early 2021, is subject to the approval of GAINSCO’s shareholders, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, obtaining regulatory approvals, and satisfaction of other customary closing conditions.

Learn more here - https://www.insurancejournal.com/news/southcentral/2020/09/17/583051.htm

 

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