Reinsurance Receivables

9 Months Ended

Sep. 30, 2013

Reinsurance Disclosures [Abstract]

Reinsurance [Text Block]

Reinsurance Receivables

The effects of reinsurance on premiums written and earned and on losses and loss adjustment expenses ("LAE") incurred are presented in the tables below:

Premiums	For the Three Months Ended												For the Nine Months Ended
	September 30, 2013						September 30, 2012						September 30, 2013						September 30, 2012
	Written			Earned			Written			Earned			Written			Earned			Written			Earned
Direct and assumed	$	116,452		$	100,193		$	100,409		$	98,287		$	297,940		$	284,169		$	272,317		$	269,132
Ceded	(79,580		)	(66,087		)	(65,935		)	(64,394		)	(194,067		)	(183,240		)	(169,971		)	(171,362		)
Net	$	36,872		$	34,106		$	34,474		$	33,893		$	103,873		$	100,929		$	102,346		$	97,770

Losses and LAE incurred	For the Three Months Ended						For the Nine Months Ended
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
Direct and assumed	$	23,354		$	23,069		$	66,879		$	66,198
Ceded	(13,397		)	(11,639		)	(35,783		)	(33,926		)
Net losses and LAE incurred	$	9,957		$	11,430		$	31,096		$	32,272

The following table reflects the components of the reinsurance receivables:	At
	September 30, 2013		December 31, 2012
Prepaid reinsurance premiums: (1)
Life	$	51,492	$	53,117
Accident and health	36,126		34,266
Property	95,434		85,805
Total	183,052		173,188
Ceded claim reserves:
Life	1,564		1,786
Accident and health	8,964		9,263
Property	10,825		8,663
Total ceded claim reserves	21,353		19,712
Other reinsurance settlements receivable	7,430		11,088
Reinsurance receivables	$	211,835	$	203,988
(1)  Including policyholder account balances ceded.

The following table shows the aggregate amount included in reinsurance receivables that is comprised of the three largest receivable balances from unrelated reinsurers:

	At
	September 30, 2013		December 31, 2012
Total of the three largest receivable balances from unrelated reinsurers	$	135,462	$	126,633

At September 30, 2013 and December 31, 2012, respectively, the three unrelated reinsurers from whom the Company has the largest receivable balances were: London Life Reinsurance Company (A. M. Best Rating: A); London Life International Reinsurance Corporation (A. M. Best Rating: Not rated) and Spartan Property Insurance Company (A. M. Best Rating: Not rated). Because Spartan Property Insurance Company does not maintain an A.M. Best rating, the related receivables are collateralized by assets held in trust accounts. At September 30, 2013, the Company does not believe there is a risk of loss as a result of the concentration of credit risk in the reinsurance program.