State Farm® to Acquire GAINSCO
BLOOMINGTON, Ill., September 17, 2020 – State Farm Mutual Automobile Insurance Company, America’s largest property and casualty insurance provider, and GAINSCO, Inc. announced today that they have entered into an agreement pursuant to which State Farm will acquire GAINSCO for approximately $400 million in cash. The transaction is expected to close in early 2021, subject…
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