GAINSCO Completes Restructuring

January 24, 2005

  • January 25, 2005 at 8:02 am
    Popey says:
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    I don’t know what GAINSCO’s doing in their four other states, but in Nevada they will not be “profitably growing and diversifying our nonstandard personal automobile insurance business” because of the money they’re leaving on the table.

    Unless their production costs are less than zero, they have not found the formula for riches – just the opposite.

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