Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Investments, available-for-sale at fair value (amortized cost of $155,976 and $162,575, respectively)	$ 167,098	$ 172,825
Cash and cash equivalents	26,079	23,751
Premiums and fees receivable, net of allowance of $357 and $364	54,320	41,313
Other assets	7,164	8,005
Property and equipment, net	4,916	3,315
Deferred acquisition costs	3,843	3,243
Identifiable intangible assets	4,800	4,800
TOTAL ASSETS	268,220	257,252
LIABILITIES AND STOCKHOLDERS' EQUITY
Loss and loss adjustment expense reserves	71,070	69,436
Unearned premiums and fees	66,700	50,464
Debentures payable	41,240	41,240
Other liabilities	13,526	13,383
Total liabilities	192,536	174,523
Stockholders' equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 40,923 and 40,928 shares issued and outstanding, respectively	409	409
Additional paid-in capital	456,346	456,056
Accumulated other comprehensive income	11,122	10,250
Accumulated deficit	(392,193)	(383,986)
Total stockholders' equity	75,684	82,729
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 268,220	$ 257,252