The extent of use of quoted market prices (Level 1), valuation models using observable market information (Level 2) and internal models without observable market information (Level 3) in the valuation of the Company's financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 was as follows:



(in thousands)					September 30, 2013
			Fair Value Measurements at the End of the Reporting Period Using

	Total		Quoted Prices in Active Markets for Identical Assets(Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements

Assets:
Fixed maturities:
U.S. government, government agencies and authorities	$	25,338	$	—	$	25,338	$	—
Canadian government	4,242		—		4,242		—
States municipalities and political subdivisions	7,247		—		7,247		—
Mortgage-backed	736		—		736		—
Asset-backed securities and collateralized mortgage obligations	319		—		319		—
Corporate	27,393		—		27,393		—
Total fixed maturities	65,275		—		65,275		—
Equity investments:
Common stock	16,523		16,523		—		—
Preferred stock	—		—		—		—
Total equity investments	16,523		16,523		—		—
Other investments	3,107		—		3,107		—
Short-term investments	586		—		586		—
Total assets	$	85,491	$	16,523	$	68,968	$	—

Liabilities:
LROC preferred units	14,286		14,286		—		—
Senior unsecured debentures	26,356		—		26,356		—
Subordinated debt	22,790		—		22,790		—
Total liabilities	$	63,432	$	14,286	$	49,146	$	—



(in thousands)					December 31, 2012
			Fair Value Measurements at the End of the Reporting Period Using

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Recurring fair value measurements

Assets:
Fixed maturities:
U.S. government, government agencies and authorities	$	24,915	$	—	$	24,915	$	—
Canadian government	3,782		—		3,782		—
States municipalities and political subdivisions	7,345		—		7,345		—
Mortgage-backed	5,043		—		5,043		—
Asset-backed securities and collateralized mortgage obligations	1,092		—		1,092		—
Corporate	37,357		—		37,357		—
Total fixed maturities	79,534		—		79,534		—
Common stock	3,548		3,548		—		—
Other investments	2,000		—		2,000		—
Short-term investments	585		—		585		—
Total assets	$	85,667	$	3,548	$	82,119	$	—

Liabilities:
LROC preferred units	13,655		13,655		—		—
Senior unsecured debentures	23,730		—		23,730		—
Subordinated debt	23,774		—		23,774		—
Total liabilities	$	61,159	$	13,655	$	47,504	$	—