What is MGA Insurance Company?

What is MGA Insurance Company?

Definition. Managing General Agent (MGA) — a specialized type of insurance agent/broker that, unlike traditional agents/brokers, is vested with underwriting authority from an insurer.

Where does GAINSCO operate?

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 insurance a standard company?

You might consider GAINSCO car insurance if you are a high-risk driver who can only afford your state-required auto insurance minimums, as it is a non-standard insurer that specializes in bare-minimum auto insurance policies for drivers with an accident history. The company is a subsidiary of MGA Insurance Company Inc.

What states allow GAINSCO?

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.

Is GAINSCO out of business?

In September, State Farm Mutual Automobile Insurance Company announced an agreement to acquire non-standard auto insurer GAINSCO for approximately $400 million in cash. The transaction closed on Dec. 31. The closing finalizes the first acquisition of an insurance company by State Farm in the company’s 98-year history.

Who bought GAINSCO insurance?

State Farm Mutual Automobile Insurance Company
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.

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.

Who are the owners of MGA Insurance Company?

MGA Insurance Company underwrites nonstandard personal auto insurance and markets it through independent agency locations in Arizona, Florida, Nevada, New Mexico, South Carolina and Texas. Founded in 1981, the company is owned and operated by GAINSCO, which is involved in property and casualty insurance business.

Are there any MGA homecare offices in Dallas?

Each of our offices has unique services to benefit the community and its patients. In Dallas we offer: Aetna Medicaid, Amerigroup, BCBS Commercial, Cook Children’s, eviCore, Molina, Superior, Texas Children’s,TMHP, United Medicaid, United Commercial

Who are the pediatric nurses at mga homecare?

Aetna Medicaid, Amerigroup, BCBS Commercial, Cook Children’s, eviCore, Molina, Superior, Texas Children’s,TMHP, United Medicaid, United Commercial Please fill out the form below and we’ll be in touch as soon as possible. Our team is comprised of pediatric nurses who are more than just providers, they’re partners.

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