Fair Value of Financial Instruments Level 3 (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying and fair values of financial instruments are as follows:	At
	September 30, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial assets:
Cash and cash equivalents	$	17,213	$	17,213	$	15,209	$	15,209
Fixed maturity securities:
Obligations of the U.S. Treasury and U.S. Government agencies	49,439		49,439		23,178		23,178
Municipal securities	22,750		22,750		17,041		17,041
Corporate securities	50,491		50,491		70,008		70,008
Mortgage-backed securities	80		80		289		289
Asset-backed securities	—		—		125		125
Equity securities:
Common stock - publicly traded	44		44		42		42
Preferred stock - publicly traded	5,264		5,264		5,107		5,107
Common stock - non-publicly traded	51		51		58		58
Preferred stock - non-publicly traded	1,013		1,013		1,013		1,013
Notes receivable	5,818		5,818		11,290		11,290
Accounts and premiums receivable, net	32,785		32,785		27,302		27,302
Other receivables	36,109		36,109		13,393		13,393
Short-term investments	971		971		1,222		1,222
Total financial assets	$	222,028	$	222,028	$	185,277	$	185,277
Financial liabilities:
Note payable	$	82,750	$	82,750	$	89,438	$	89,438
Preferred trust securities	35,000		35,000		35,000		35,000
Interest rate swap	3,192		3,192		4,338		4,338
Total financial liabilities	$	120,942	$	120,942	$	128,776	$	128,776

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

At December 31, 2012			Fair Value Measurements Using:
			Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Fixed maturity securities:
Obligations of the U.S. Treasury and U.S. Government agencies	$	23,178	$	—	$	23,178	$	—
Municipal securities	17,041		—		17,041		—
Corporate securities	70,008		—		69,956		52
Mortgage-backed securities	289		—		289		—
Asset-backed securities	125		—		125		—
Equity securities:
Common stock - publicly traded	42		42		—		—
Preferred stock - publicly traded	5,107		5,107		—		—
Common stock - non-publicly traded	58		—		—		58
Preferred stock - non-publicly traded	1,013		—		—		1,013
Short-term investments	1,222		1,222		—		—
Total Assets	$	118,083	$	6,371	$	110,589	$	1,123
Financial Liabilities:
Interest rate swap	$	4,338	$	—	$	4,338	$	—

The Company's financial assets and liabilities accounted for at fair value by level within the fair value hierarchy are as follows:

At September 30, 2013			Fair Value Measurements Using:
			Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Fixed maturity securities:
Obligations of the U.S. Treasury and U.S. Government agencies	$	49,439	$	—	$	49,439	$	—
Municipal securities	22,750		—		22,750		—
Corporate securities	50,491		—		50,491		—
Mortgage-backed securities	80		—		80		—
Asset-backed securities	—		—		—		—
Equity securities:
Common stock - publicly traded	44		44		—		—
Preferred stock - publicly traded	5,264		5,264		—		—
Common stock - non-publicly traded	51		—		—		51
Preferred stock - non-publicly traded	1,013		—		—		1,013
Short-term investments	971		971		—		—
Total assets	$	130,103	$	6,279	$	122,760	$	1,064
Financial Liabilities:
Interest rate swap	$	3,192	$	—	$	3,192	$	—

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The Company did not transfer any fixed maturity or equity securities between Level 1 and Level 2 for the nine months ended September 30, 2013. For the nine months ended September 30, 2013, 1 corporate security was transferred from Level 3 to Level 2. This transfer occurred due to the availability of Level 2 pricing for the corporate security, which was unavailable in prior periods. The Company's use of Level 3 unobservable inputs included 6 individual securities that accounted for 0.8% of total investments at September 30, 2013. The Company utilized an independent third party pricing service to value 3 of the Level 3 securities. The value of 2 equity securities in Level 3, which are non-publicly traded preferred stocks, were calculated by the Company. One of the equity securities, with a value of $1.0 million, was valued by taking into account the strength of the issuer's parent company guaranteeing the dividend of the issuer. The second Level 3 equity security, with a value of $13.0 thousand was valued by estimating the total value of the Class-A shares outstanding by the issuer and a review of the issuer's audited financial statements. At December 31, 2012, the Company had 7 individual securities valued under Level 3 that accounted for 1.0% of total investments.

The following table summarizes the changes in Level 3 assets measured at fair value:	For the Nine Months Ended
	September 30, 2013			September 30, 2012
Beginning balance, January 1,	$	1,123		$	1,204
Total realized and (unrealized) investment gains (losses):
Included in net income	—			—
Included in other comprehensive (loss)	(32		)	(19		)
Sales	—			(47		)
Transfers (out of) into Level 3	(27		)	(7		)
Ending balance, September 30,	$	1,064		$	1,131