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Fair Value (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value [Abstract]  
Presentation of carrying values and fair values of certain of the Company's financial instruments
                                 
    December 31, 2012     December 31, 2011  
    Carrying
Value
    Fair
Value
    Carrying
Value
    Fair
Value
 

Assets:

                               

Investments, available-for-sale

  $ 139,046     $ 139,046     $ 172,825     $ 172,825  

Liabilities:

                               

Debentures payable

    40,261       12,723       40,221       14,868  
Presentation of fair-value measurements for each major category of assets measured on a recurring basis
                                 
          Fair Value Measurements Using  

December 31, 2012

  Total     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Fixed maturities, available-for-sale:

                       

U.S. government and agencies

  $ 12,110     $ 12,110     $ —       $ —    

State

    4,111       —         4,111       —    

Political subdivisions

    790       —         790       —    

Revenue and assessment

    17,996       —         17,996       —    

Corporate bonds

    71,537       —         71,537       —    

Collateralized mortgage obligations:

                               

Agency backed

    11,870       —         11,870       —    

Non-agency backed – residential

    5,472       —         5,472       —    

Non-agency backed – commercial

    5,109       —         5,109       —    

Redeemable preferred stock

    1,718       1,718       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed maturities, available-for-sale

    130,713       13,828       116,885       —    

Investment in mutual fund, available-for-sale

    8,333       8,333       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total investments, available-for-sale

    139,046       22,161       116,885       —    

Cash and cash equivalents

    59,104       59,104       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 198,150     $ 81,265     $ 116,885     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
          Fair Value Measurements Using  

December 31, 2011

  Total     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Fixed maturities, available-for-sale:

                       

U.S. government and agencies

  $ 25,528     $ 25,528     $ —       $ —    

State

    6,387       —         6,387       —    

Political subdivisions

    781       —         781       —    

Revenue and assessment

    25,432       —         25,432       —    

Corporate bonds

    77,297       —         77,297       —    

Collateralized mortgage obligations:

                               

Agency backed

    18,133       —         18,133       —    

Non-agency backed – residential

    5,429       —         5,429       —    

Non-agency backed – commercial

    6,125       —         6,125       —    

Redeemable preferred stock

    169       169       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed maturities, available-for-sale

    165,281       25,697       139,584       —    

Investment in mutual fund, available-for-sale

    7,544       7,544       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total investments, available-for-sale

    172,825       33,241       139,584       —    

Cash and cash equivalents

    23,751       23,751       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 196,576     $ 56,992     $ 139,584     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
Quantitative disclosure for assets classified as level 3
                                 
    Fair Value Measurements Using
Significant Unobservable Inputs (Level 3)
 
          Collateralized mortgage
obligations
       
    Corporate
bonds
    Non-agency
backed –
residential
    Non-agency
backed –
commercial
    Total  

Balance at July 1, 2009

  $ —       $ 1,930     $ 707     $ 2,637  

Total gains or losses (realized or unrealized):

                               

Included in net income (loss)

    —         —         —         —    

Included in other comprehensive income

    —         421       242       663  

Transfers into Level 3

    —         —         —         —    

Transfers out of Level 3 (a)

    —         (2,351     (949     (3,300
   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 30, 2010

  $ —       $ —       $ —       $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Transferred from Level 3 to Level 2 as observable market data became available during the period presented due to the increase in market activity for these securities.