What insurance company did State Farm buy?
State Farm completed the historic acquisition of GAINSCO, Inc., a prominent non-standard automobile insurance provider, marking the very first corporate insurance acquisition in State Farm's nearly century-long operating history. GAINSCO specializes in minimum-limits personal auto insurance policies designed for drivers with complex records or unique risk profiles who may not qualify for standard market coverage. Following the transaction, GAINSCO continued operating as a specialized subsidiary, gradually extending opportunities for independent State Farm agents to market, solicit, and service its specialized non-standard auto products across multiple state footprints.
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