UNPAID LOSSES AND LAE (Tables)

12 Months Ended

Dec. 31, 2013

UNPAID LOSSES AND LAE [Abstract]

Schedule of liability for future insurance policy benefits

Activity in the liability for unpaid losses and LAE is summarized as follows.

	Years Ended December 31,
	2013			2012			2011
	(Dollars in Thousands)
Balance at January 1	$	49,908		$	59,983		$	66,529
Less reinsurance recoverables		(3,503	)		(2,088	)		(6,809	)
Net balance at January 1	$	46,405		$	57,895		$	59,720
Incurred related to
Current year	$	56,209		$	31,636		$	31,893
Prior years		201			(1,427	)		(997	)
Total incurred	$	56,410		$	30,209		$	30,896
Paid related to
Current year	$	22,695		$	15,892		$	13,672
Prior years		21,846			25,807			19,048
Total paid	$	44,541		$	41,699		$	32,720
Net balance at period end	$	58,274		$	46,405		$	57,896
Plus reinsurance recoverables		2,742			3,503			2,087
Balance at period end	$	61,016		$	49,908		$	59,983