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Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2012

Liability For Unpaid Claims and Claims Adjustment Expense, Activity In Liability [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

Activity in the reserves for unpaid losses and LAE is summarized as follows (in thousands):

		2012				2011				2010

Balance at January 1		$	296,945			$	251,677			$	184,662
Less reinsurance recoverable			42,044				37,954				8,412
Net Balance at January 1			254,901				213,723				176,250

Acquisition of subsidiaries effective July 1			-				8,816				-

Incurred related to:
Current year			230,089				222,869				193,354
Prior years			(3,675	)			16,366				9,190
Total incurred			226,414				239,235				202,544

Paid related to:
Current year			107,945				101,025				91,424
Prior years			109,538				105,848				73,647
Total paid			217,483				206,873				165,071

Net Balance at December 31			263,832				254,901				213,723
Plus reinsurance recoverable			49,584				42,044				37,954
Balance at December 31		$	313,416			$	296,945			$	251,677

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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