Joseph D. Macchia
Encyclopedia
Joseph D. Macchia is the founder and former president and chief executive officer of GAINSCO, Inc.
, a property and casualty insurance holding company. Macchia founded GAINSCO in 1978 after borrowing $500,000 from a local bank in Fort Worth, Texas
. In 1992, he was named entrepreneur of the year for the Southwest Region's Service Category by Inc.
magazine. In 1995, Forbes
magazine, for the fifth time, named GAINSCO under Macchia's leadership one of the 200 best small companies in America.
He was previously president of the Early American Insurance Company and vice president of the Foremost Insurance Company. After serving in the Marine Corps for four years as a first lieutenant, Macchia earned his bachelor's degree from Fairfield University
in 1957 and completed graduate studies at Western University. Macchia began serving as a member of the Board of Trustee at Fairfield University in 1997.
GAINSCO
GAINSCO is an auto insurance company headquartered in Dallas, Texas. The company was founded in October 1978 by Joseph Macchia and currently markets its products through independent insurance agents across the Sunbelt. GAINSCO sponsors the No. 99 GAINSCO/Bob Stallings Racing Daytona Prototype...
, a property and casualty insurance holding company. Macchia founded GAINSCO in 1978 after borrowing $500,000 from a local bank in Fort Worth, Texas
Fort Worth, Texas
Fort Worth is the 16th-largest city in the United States of America and the fifth-largest city in the state of Texas. Located in North Central Texas, just southeast of the Texas Panhandle, the city is a cultural gateway into the American West and covers nearly in Tarrant, Parker, Denton, and...
. In 1992, he was named entrepreneur of the year for the Southwest Region's Service Category by Inc.
Inc. (magazine)
Inc. magazine, founded in 1979 and based in New York City, is a monthly publication focused on growing companies. The magazine publishes an annual list of the 500 fastest-growing private companies in the U.S., the "Inc...
magazine. In 1995, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
magazine, for the fifth time, named GAINSCO under Macchia's leadership one of the 200 best small companies in America.
He was previously president of the Early American Insurance Company and vice president of the Foremost Insurance Company. After serving in the Marine Corps for four years as a first lieutenant, Macchia earned his bachelor's degree from Fairfield University
Fairfield University
Fairfield University is a private, co-educational undergraduate and master's level teaching-oriented university located in Fairfield, Connecticut, in the New England region of the United States. It was founded by the Society of Jesus in 1942, and today is one of 28 member institutions of the...
in 1957 and completed graduate studies at Western University. Macchia began serving as a member of the Board of Trustee at Fairfield University in 1997.