GAINSCO Auto Insurance Drives into Georgia

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Dallas-based GAINSCO Auto Insurance brings low-cost, minimum-limits auto coverage to drivers in more than 110 Georgia communities. New Georgia customers benefit from competitive pricing and the assurance that their policies are backed by a strong, committed company that intends to build a long-term presence in the state.

Beginning in May 2009, Georgia drivers will be able to purchase high-quality, minimum-limits auto insurance from a new insurance carrier in the state. MGA Insurance Company, Inc., which markets its policies and services using the trade name GAINSCO Auto Insurance, insures drivers across several Sunbelt and southern states. The company specializes in minimum-limits personal auto insurance, which allows drivers to purchase the legally required insurance coverage at minimum cost.

"In difficult economic times, people look for cost savings everywhere," says GAINSCO President and CEO Glenn Anderson. "We offer not only competitive pricing in Georgia, but our customers have the assurance that their policies are backed by a strong, committed company that intends to build a long-term presence in the state."

GAINSCO's Georgia policies will be sold through a network of independent agents across the Peach State. The company already has a wide geographic footprint in the state, with more than 300 agents signed up in over 110 Georgia communities. Anderson expects the number of appointed agents to continue to grow.

GAINSCO's 6- and 12-month auto policies include these benefits: no credit scoring; competitive rates with low down payments; coverage for drivers with previous accidents, tickets or violations; coverage for young drivers or those with no prior insurance; SR-22 and SR-22a documents; non-U.S. driver licenses accepted. Credit card payments are accepted and the company offers bilingual claims and customer service.

About GAINSCO Auto Insurance

GAINSCO, INC. (NYSE Amex: GAN), through its insurance brand, GAINSCO Auto Insurance, specializes in minimum-limits personal auto coverage, which is sold through a network of thousands of independent agents in the states of Arizona, Florida, Georgia, Nevada, New Mexico, South Carolina and Texas, and through an independent managing general agency in California. Established in 1978, GAINSCO's corporate headquarters are located in Dallas, Texas, with key regional field offices in Miami and Phoenix. Its insurance company subsidiary is MGA Insurance Company, Inc. For more information, visit http://www.gainsco.com.

Some of the statements made in this release may be forward-looking statements. Forward-looking statements reflect current views and relate to future events or future financial performance and may involve known or unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. Please refer to the Company's recent SEC filings, including the Annual Report on Form 10-K for the year ended December 31, 2008, for more information regarding factors that could affect the Company's results.

Forward-looking statements are relevant only as of the dates made, and the Company undertakes no obligation to update any forward-looking statement to reflect new information, events or circumstances after the date on which the statement is made. All written or oral forward-looking statements that are made by or are attributable to the Company are expressly qualified in their entirety by this cautionary notice. Actual results may differ significantly from the results discussed in these forward-looking statements.

Contact:
Ken Bell, Director, Corporate Marketing
Phone: 972.629.4449

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Ken Bell
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