Gainsco, Inc. (GAN) is “One to Watch”
Through its subsidiaries, Gainsco Inc. focuses its efforts on the property and casualty insurance business, with an emphasis on the nonstandard personal automobile market. Writing on classes of risks which are not generally insured by many of the standard companies, the company markets its nonstandard personal auto line of insurance on an admitted basis through independent agency locations in Arizona, Florida, Georgia, Nevada, New Mexico, South Carolina, Texas and one general agency in California. Nonstandard personal auto insurance is usually purchased by drivers who do not meet an insurance company’s “standard” or “preferred” underwriting criteria. These drivers generally pay higher…
