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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2011
Reinsurance Disclosures [Abstract]  
Schedule of Reinsurance Receivables
Such amounts are included in “reinsurance receivables” in the consolidated balance sheets at December 31 as follows (in thousands):
 
2011
 
2010
Estimated reinsurance recoverable on:
 
 
 
Unpaid losses and loss adjustment expense
$
15,292

 
$
13,987

Reinsurance recoverable on paid losses and loss expenses
183

 
564

Reinsurance receivables
$
15,475

 
$
14,551
Schedule of Ceded Credit Risk by Reinsurer
CONCENTRATION OF REINSURANCE AT DECEMBER 31, 2011
(In Thousands):
 
Reported Claims
 
Unreported Claims
 
Reinsurer Balances
General Reinsurance (A.M Best rating: A++)
$
7,816

 
$
7,128

 
$
14,944

Swiss Reinsurance America Corp (A.M. Best rating: A+)
163

 
61

 
224

All others
214

 
93

 
307

 
$
8,193

 
$
7,282

 
$
15,475
Schedule of Effects of Reinsurance
The following is the net effect of reinsurance activity on the consolidated financial statements for each of the years ended December 31 for losses and loss adjustment expense or recovery (in thousands):
 
2011
 
2010
 
2009
Direct
$
2,171

 
$
618

 
$
(1,596
)
Assumed
(19
)
 
—

 
—

Ceded
(2,375
)
 
(490
)
 
251

 
$
(223
)
 
$
128

 
$
(1,345
)